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Two Agricultural credit programs have been implemented

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  • Two Agricultural credit programs have been implemented

    Two Agricultural credit programs have been implemented

    armradio.am
    22.08.2011 17:13

    20 and 16 million dollars in new loans are going to change
    significantly from today the image of this hope, the government has
    taken the OPEC Fund loan in the first, second, the International
    Development Association toward the development of agricultural
    communities in capacity building programs and competition for the
    first program designed to establish new orchards and not to abuse the
    use of credit resources, this is the only one to manage,
    specially-created "the fruit" company, says Finance Minister Vardan
    Aramyan.

    His formulation, working under the current land 31.7 thousand hectares
    of fruit, and about 700 thousand hectares of gardens in the program
    are to create the new gardens were chosen for establishing the poor
    communities, said Deputy and that the nuts and fruit orchards himnvogh
    production will be competitive and economically viable.

    All gardens are going to be, so let's study: If everything goes
    normally, then later to teach in rural economies is how to set up a
    rural gardens, this does not fade in the next breeding: International
    Development Association credit from the year 2016 to be used in that
    direction. This project provided support to the high mountain and
    border communities, where animal husbandry is the main means of
    living, says Agriculture Minister Sergo Karapetyan.

    The feature of these two loans is that the amounts received are not
    creditate individual farms, other new structures created by the
    community for general use, another factor is that in the
    above-mentioned loans are discounted, therefore, the government
    relaxed that the external debt burden of these loans are not
    significant.

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