Partial subsidizing of credit interest rates

The goal of the Program for Partial Subsidizing of Credit Interest Rates provided to SMEs is SME lending promotion through partial subsidizing of credit interests in remote, boundary, high mountainous, mountainous, having up to 1000 habitants rural settlements.

This Program will give an opportunity to SMEs to take advantages from lending services on most favorable conditions.

The actual annual interest rate for subsidized loan was quoted up to 10%, which one couldn’t overdraw annual 500,000 AMD.

The Program for Partial Subsidizing of Credit Interest Rates provided to SMEs is being implemented in Tavush, Gegharkunik, Aragatsotn, Lori, Shirak, Syunik and Vayots Dzor marzes of RA stipulated by RA Government decree N1017-N dated 14.07.05 on “Defining the lists of remote, boundary, high mountainous, mountainous, having up to 1000 habitants rural settlents”.