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Some 150-200 Start-Up Companies To Receive Financial Assistance From

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  • Some 150-200 Start-Up Companies To Receive Financial Assistance From

    SOME 150-200 START-UP COMPANIES TO RECEIVE FINANCIAL ASSISTANCE FROM GOVERNMENT THIS YEAR

    YEREVAN, March 5. / ARKA /. Some 150-200 small and medium-sized
    Armenian companies will receive financial assistance from the
    government this year under a program the Cabinet has approved today.

    First deputy economy minister Garegin Melkonyan said as part of the
    program start-up businesses will be eligible to 5 million soft loans
    at 10% interest rate repayable in 5 years. He said a similar program
    was effective in 2014 as well.

    He said the government will also provide loan guarantees of up to 15
    million drams repayable in 5 years and also continue training courses
    for representatives of SMEs.

    According to him, preference will be given to companies operating
    outside the capital city. He added that training courses will highlight
    this year resource-saving and environmentally friendly technologies.

    The program will be carried out by the National Centre for Development
    of Small and Medium Business. ($ 1 - 479.05 drams). -0-

    http://arka.am/en/news/business/some_150_200_start_up_companies_to_receive_financi al_assistance_from_government_this_year/#sthash.mjGANYVV.dpuf

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