A state-subsidized leasing program is being implemented for the purchase of agri-food equipment.

The main goal of the agri-food sector equipment leasing support program in the Republic of Armenia is to supply equipment to agri-food sector businesses on affordable terms, in particular through the use of leasing mechanisms, which will create prerequisites for increasing the production volumes of agricultural products and their processed products, ensuring quality and safety requirements in accordance with international standards, increasing competitiveness, increasing export volumes, as well as replacing imported products with local production.

Within the framework of the program, equipment used in the following sectors is provided to entrepreneurs under a leasing contract:

  • animal husbandry, including cattle breeding, sheep breeding, pig breeding, poultry breeding, beekeeping, fish breeding, industrial animal husbandry, snail farming,
  • plant growing, including greenhouse farming,
  • refrigeration industry, including milk collection stations and isothermal tanks transporting milk,
  • sorting, packaging and refining of fresh fruits, vegetables and legumes,
  • slaughterhouse, mobile and mobile modular slaughterhouses, as well as vehicles for transporting carcasses purchased by the slaughterhouse service provider,
  • agro-processing industry,
  • other sectors of agri-food activity.

Details: on the official website of the Ministry of Economy of the Republic of Armenia։

Section / Condition
Details
Who can apply?
Agribusiness operators (livestock breeding, plant breeding, greenhouses, refrigerators, slaughterhouses, processing, winemaking).
Deadlines
Up to 5 years (for some winemaking equipment: up to 7 years):
Amount
Up to 2000.0 million drams per lessee.
Subsidy (Percentage)
Standard՝ the state pays for leasing in drams 10%, in foreign currency 6%:
Border communities / Slaughterhouse: ՝ AMD՝ 12%, in foreign currency: 7%:
Advance payment
20% (advance for fish farming, hydroponics and mobile slaughterhouses 50-80%-ը is paid by the state):
Privilege period
Deferral of repayment initially until 3 months, seasonal breaks - annually up to 6 months:
Insurance
It is mandatory, it is carried out at the expense of the financial institution:
Complete complex
In the case of greenhouses, slaughterhouses and cold stores the land, building and equipment can be formulated as a single leasing object.
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