Livestock Development Program in the RA for 2019-2024
BENEFICIARIES
Individual and legal entities engaged in cattle breeding, individual entrepreneurs.
CONTENT
The aim of the project is to provide livestock breeders with RA on affordable conditions, in particular, through partial subsidizing of the loan interest rate. Loans will be provided with a maturity of up to 5 years, with a maximum interest rate of 14%, of which the subsidy will be implemented in such an amount that loans will be provided to beneficiaries at a rate of 2% for the purchase of pedigree livestock raised in the Republic of Armenia, at a rate of 3% for the purchase of imported livestock, and at a rate of 0% for cooperatives or entrepreneurs of border communities. The maximum loan amount for one beneficiary is 300 million drams.
The beneficiaries of the program cannot be individuals, legal entities and individual entrepreneurs who have problematic obligations under the state support or other programs of the RA Ministry of Agriculture.