Тhe purpose of the Program on Cattle breeding in the Republic of Armenia for the years of 2019-2024 is to supply the breeding stock on affordable terms, especially by partially subsidizing the interest rate on loans, which will make it possible to replenish the herds of animals with unknown rooting and etiology, unsuitable for reproduction, unproductive, develop breeding business with pedigree breeding stock, to improve the productivity of local animals, to increase the production of milk and meat and reduce the cost of produced milk and meat, making it more competitive in relation to similar products imported.
Under the program, beneficiaries have the opportunity to purchase highly productive breeding cattle through subsidized/backed loans.
Terms and Conditions of the Project:
Loan Interest Rate:
Repayment period is up to 5 years
Maximum grace period for the basic amount is 12 months
The maximum loan amount for one Beneficiary is set at AMD 300 million.
The Beneficiary submits to the financial structure a request application for the purchase of breeding cattle, indicating the livestock number, place (addresses) of purchases, and, in case of import, the terms of import, as well as submits to the Ministry the breeding certificates and cards of the cattle livestock to be purchased.
To get advice and assistance on the Project, please contact the Department for Agricultural Advice and Innovation via phones: +374 11 523 411, +374 11 597 254, +374 11 297 428, +374 11 529 231, Division of cattle breeding via phone +374 011 529 333, +374 011 597 129.