Program on “Development of cattle breeding in Armenia for 2019-2024”

The goal of the program on “Development of cattle breeding in Armenia for 2019-2024” is to provide business entities engaged in cattle breeding in Armenia with affordable terms, in particular supply of pedigree bovine animals through partially subsidizing the loan interest rates, which will allow to replenish herds with pedigree bovines of valuable production characteristics instead of low-yielding and poor production animals of unknown origin, develop the pedigree breeding business, improve the productivity of local animals through inter-pedigree crossbreeding, increase the production volume of milk and meat, reduce the prime cost of milk and meat being produced, thereby making it more competitive with similar imported products.

Within the program framework, beneficiaries have the opportunity to purchase highly productive pedigree bovine animals through subsidizing loans. The subsidized loans, according to the RA Government Decree No.175-L of February 11, 2021, will be available to beneficiaries until December 31, 2021, at 0% annual interest rate, for a period of up to 5 years of loan repayment, and up to 1 year with preferential terms.

The maximum loan amount per beneficiary is set at 300 million AMD.

To benefit from the program, beneficiaries should apply to financial institutions that have joined the program.

The beneficiary submits an application to the financial institution on acquisition of pedigree bovine animals, indicating their quantity, place(s) of acquisition (address), dates of import in the event of importation, as well as submits to the Ministry the pedigree certificates and cards of the bovine animals subject to acquisition.

Detailed information on the program can be requested from:

Department of Agricultural Extension, Innovation and Monitoring, 011 597 254, 011 524 610, and Agricultural Programs Implementation Department, 011 530 333, 011 597 184.

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