Program of Industrial Development of Crab Farming in the Republic of Armenia for 2024-2026

BENEFICIARIES

The investing legal entities and individual entrepreneurs who have not had overdue credit obligations of 60 days or more in the 12 months before the date of application, and who have not initiated administrative proceedings for the collection of unpaid tax liabilities in 365 days before the date of application, or who have not had overdue tax liabilities.

CONTENT

The aim of the program is to introduce modern and efficient technologies for the artificial breeding and intensive cultivation of crayfish in the republic, to produce high-value food products, and to increase their export volumes.
The program proposes the establishment of breeding complexes for three types of crayfish.
Within the framework of the program, state support will be provided during 2024–2029 through partial reimbursement of costs, covering 50% of the investment expenses, but not exceeding 50% of the maximum amount set for each cost category.

https://www.arlis.am/hy/acts/224596

LIMITATIONS

Under the program, beneficiaries cannot use other public assistance programs implemented in the agricultural sector for the same purpose, and each beneficiary can only be reimbursed for the costs of one unit of a crab farm.