Interest Rate Subsidization Program for Loans Provided to Greenhouse Farms

BENEFICIARIES

Eligible beneficiaries of the Program are legal entities and individual entrepreneurs that own, possess, or operate greenhouse farms with a total area of at least 1 hectare and have produced and marketed agricultural products during 2026.

CONTENT

The objective of the Interest Rate Subsidization Program for Loans Provided to Greenhouse Farms is to ensure the continuity of vegetable, berry, and flower production in greenhouse farms by improving access to financial resources.

Loan funds must be used exclusively through non-cash transactions for the following purposes:

  1. Payments for consumed natural gas, electricity, and water.

  2. Taxes and mandatory payments to the State or community budgets.

  3. Salaries and other equivalent payments.

  4. Payments for the purchase of fertilizers, plant protection products, substrates, seeds, and seedlings (such purchases must be made from organizations registered as Value Added Tax (VAT) payers).

Loans are provided at an actual annual interest rate of up to 14%. The interest rate subsidy is set at 12 percentage points, but may not exceed the interest rate applicable to the loan.

 

https://www.arlis.am/hy/acts/229445

LIMITATIONS

No limitations.