{"id":114665,"date":"2018-06-20T14:27:37","date_gmt":"2018-06-20T14:27:37","guid":{"rendered":"https:\/\/armbanks.am\/2018\/06\/20\/247582\/"},"modified":"2024-12-15T13:34:07","modified_gmt":"2024-12-15T13:34:07","slug":"some-18-billion-drams-set-aside-to-subsidize-agricultural-loans","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2018\/06\/20\/114665\/","title":{"rendered":"Some 18 billion drams set aside to subsidize agricultural loans"},"content":{"rendered":"<p><strong>YEREVAN, June 20. \/ARKA\/.<\/strong> A total of 18 billion drams have been set aside by the government for subsidizing loans provided by a set of Armenian banks to processing companies for the purchase of agricultural produces in 2018, the Agriculture Ministry said on Wednesday.<\/p>\n<p>As part of this government-designed program, up to 9% of a loan, issued at 12%, may be subsidized, reducing the annual interest rate for the borrower to 3%.<\/p>\n<p>&#8220;Loans subject to subsidization under the program are intended solely for payment of the cost of purchased produces,&#8221; the ministry said.<\/p>\n<p>Twelve banks have already agreed to participate in the program \u2013 they are ACBA-CREDIT AGRICOLE BANK, Ameriabank, Araratbank, Ardshinbank, ArmSwissbank, Inecobank, Armbusinessbank, Armeconombank, Evocabank, Byblos Bank Armenia, VTB Bank (Armenia) and three credit institutions &#8211; Development and Investment Corporation Armenia, Farm Credit Armenia and CARD Agrocredit.<\/p>\n<p>As of June 19, 13 companies submitted applications to the tune of more than 3 billion drams. All were approved by the ministry.<\/p>\n<p>As of March 31, commercial banks approved two applications to the tune of 489 million drams, the rest of applications are under consideration, the ministry said. ($ 1 &#8211; 482.02 drams). &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A total of 18 billion drams have been set aside by the government for subsidizing loans provided by a set of Armenian banks to processing companies for the purchase of agricultural produces in 2018, the Agriculture Ministry said on Wednesday<\/p>\n","protected":false},"author":1,"featured_media":148605,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[14732,15837,1756],"class_list":{"0":"post-114665","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-agricultural-loans","10":"tag-armenia-2","11":"tag-1756"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/114665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=114665"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/114665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/148605"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=114665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=114665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=114665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}