Armenia's Ministry of Economy: The loan portfolio of agricultural support programs has reached 439 billion drams
YEREVAN, January 20. /ARKA/. As part of the Productivity Promotion Program, the loan and leasing portfolio until the end of 2025 amounted to about 439 billion drams, the number of beneficiaries was 4,976 with 8,841 signed contracts, and the purchased machinery and equipment was 13,660 units, announced Armenian Economy Minister Gevorg Papoyan while presenting the ministry's activity report for 2025 to Prime Minister Nikol Pashinyan.
He said in 2025 alone, the subsidized amount was about 22.9 billion drams. Gevorg Papoyan also informed that the mentioned machinery and equipment does not include agricultural machinery and equipment. They relate to construction, industry, healthcare, etc.
At the same time, he added that 3,969 units of agricultural machinery have been purchased in the last 4.5 years, the Government's 2021–2026 program envisages the purchase of 250 units of agro-processing equipment annually, but 2,832 units of equipment have already been purchased.
The agri-food sector lending portfolio amounted to 23.3 billion drams, and the agricultural machinery leasing program portfolio amounted to 23.3 billion drams.
According to him, the process of organizing slaughterhouse slaughter and the Government's support program were discussed. The Minister of Economy noted that so far 2 companies have used the Government's program and at the same time emphasized the importance of the policy aimed at tightening and promoting slaughterhouse slaughter.
PM Nikol Pashinyan added: “We need to go and see whether these companies are satisfied with the result or not, there should be communication, including with those who do not use it. They should know that other measures will be implemented. The approach is again consistency in two parts: monitoring the program, improving it, introducing incentive and promotion mechanisms, but understanding that they will operate until a concrete time and everyone should be aware of it. In the future, very strict administration will operate from a concrete time, but our first goal is for the program to be maximally applicable,” ($1 - 379.21 drams).-0-
