43 billion drams allocated for five agricultural programs in Armenia in 2025- Papoyan
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YEREVAN, November 5. /ARKA/. In 2025, 35 initiatives are planned in the agricultural sector, worth 43 billion drams, under five programs, said Armenian Minister of Economy Gevorg Papoyan./pp
The majority of the ministry's budget will be allocated to agriculture, Papoyan stated during budget discussions in parliament./pp
According to him, a program to stimulate agriculture will specifically include 10 initiatives valued at 11.9 billion drams./pp
Under this program, 3.7 billion drams are planned to be allocated to subsidize interest rates on loans provided for the procurement of agricultural raw materials (grapes, milk, livestock, chinchilla), as well as to subsidize interest rates for approximately 200 lenders, Papoyan said./pp
The Minister also announced that 2.9 billion drams will be allocated for the initiative to subsidize interest rates on agricultural loans (5,220 lenders), while 2.4 billion drams will be allocated for three investment programs in the field of livestock farming ($1 = 387.09 drams). -0-/p