Program for Subsidizing Interest Rates on Loans Involved in Processing Certain Goods of Armenian Origin that are Under Export Restrictions from the Republic of Armenia
BENEFICIARIES
The program beneficiary is considered to be a commercial organization or individual entrepreneur registered and operating within the territory of the Republic of Armenia.
CONTENT
The program's objective is to subsidize interest rates on loans involved as working capital for processing certain goods of Armenian origin, which will contribute to extending the production chain in the Republic of Armenia, deeper processing of local raw materials, ensuring production continuity, increasing production volumes, and economic growth. The subsidization of the loan's annual interest rate begins from the day of loan provision and continues until December 31, 2025 for the calculated loan interest rates. The amount of loan interest rate subsidization to be provided to one economic entity under the assistance instrument constitutes 10% of the loan interest rate in case of acquisition for the purpose of processing goods of Armenian origin as defined by the program.