BENEFICIARIES

Within the framework of the program, a beneficiary is considered to be a commercial or non-commercial organization or individual entrepreneur registered in the Republic of Armenia, whose at least 80% of turnover presented in calculations for each reporting period during the 365 days preceding the day of application submission has been formed from the types of economic activity defined by classifiers C 13 "Production of textiles" and C 14 "Manufacture of wearing apparel" of section C "MANUFACTURING INDUSTRY" of the Classifier of Types of Economic Activity approved by Order N 874-N of September 19, 2013 of the Minister of Economy of the Republic of Armenia.

CONTENT

Support is provided to entrepreneurs from China, India, Italy, Uzbekistan, South Korea, Bangladesh, Turkmenistan, Tajikistan, the Islamic Republic of Iran, and EAEU member states in the form of interest rate subsidies on loans received from licensed banks or credit organizations operating in the Republic of Armenia for the purpose of importing raw materials. Applications to become a beneficiary of the measure can be submitted until November 16, 2026. The measure will operate until December 30, 2026.

https://www.arlis.am/hy/acts/217540

LIMITATIONS

A beneficiary of the measure can receive support under this assistance only once.