The aim of implementation of the program on “Co-financing the introduction of modern irrigation systems” is to promote introduction of effective irrigation methods in agricultural lands, and within the framework of this program physical and legal entities engaged in production of agricultural corps receive the state’s assistance for introduction of drip irrigation and sprinkling irrigation systems. The assistance is provided at the discretion of the business entity either through partial subsidy of the targeted loan interest rates or partial compensation of costs incurred.
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% interest rate, up to 3 years of repayment term and up to 6 months with preferential terms. The maximum loan amount is up to 150 million AMD.
Other options will reimburse 16% of the costs incurred, while 18% will be reimbursed in case of investment in border communities or lands with excessive water demand, or in case of cooperatives investing in at least 3 hectares of land.
Advantages of installing drip irrigation and sprinkling irrigation systems.
To receive a subsidized loan, beneficiaries shall apply to the financial institutions that have joined the program, and in order to benefit from the option of reimbursement of expenses beneficiaries shall apply to the RA Ministry of Economy.
In order to provide services within the framework of the program, the specialized entities that implement installation of modern irrigation systems meeting the Program criteria and standard shall submit a corresponding application to the RA Ministry of Economy.
The application for reimbursement and required documents can be submitted via email to email@example.com.
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.