Tue, 8 April
14.1 C
Yerevan
USD: 391.01 RUB: 4.56 EUR: 427.33 GEL: 141.93 GBP: 498.85
spot_img

Kamurj joins government program on subsidized loans

YEREVAN, November 9. /ARKA/. The Kamurj credit organization has joined an Armenian government’s program designed to provide subsidized agricultural loans, the ministry of agriculture said.

The program was adopted on April 1, 2011. According to the ministry, in 2011-2016 Armenian farmers received a total of 99.1 billion drams worth loans at subsidized rates. Overall, during that time span the farmers were granted 119,400 loans at subsidized interest rates.

The beneficiaries of the program are provided with loans in the amount of 3-10 million drams at 5% interest rate. The interest rate for farmers in border villages is 3% per annum. To participate in the program farmers need to have a compulsory course provided by the Agricultural Development Fund and receive certificates.

Deputy minister of agriculture Robert Makaryan said Kamurj is the fourth credit organization that has joined the program. Makaryan noted also that 1,600 farmers received certificates and many of them are already using credit resources.

Kamurj is one of the largest credit organizations operating in Armenia. It was founded by a charitable foundation for the development of micro business in 2010. In February 2012 it was reorganized into Kamurj cjsc. -0-

spot_img

POPULAR

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

Ministry of Economy and  IMF delegation discussed Armenia’s economic diversification, export strategy

Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.

Concept of a private investment fund in Armenia discussed by Minister of Economy with Nubar Afeyan

The concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.

Banks and SMEs discuss prospects for cooperation (VIDEO)

The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.

Dollar, Euro And Ruble Exchange Rates Slightly Decrease Against Dram

The average market exchange rate of the US dollar to the Armenian dram on April 4, 2025, dropped by 0.1 points compared to April 3 and amounted to AMD 391.22.

LATEST NEWS

spot_imgspot_imgspot_img