The key goal of this project is setting favorable conditions for the supply of agricultural machinery to agricultural economic actors and entities on affordable terms, in particular, through leasing mechanisms for the effective use of agricultural landplots and for the organization of commodity production.

Within the scope of this project, the agricultural economic entities will be provided with the following agricultural machineries: 

• agrimotor tractors
• combine harvesters
• collecting and baling units/machines
• seed planters
• harrowing machines
• field mowers / hay harvesters
• potato spinners, potato digger;
• cultivators, rippers 
• injection and spraying  machines
• tractor trailers
• other agricultural machinery 
  
  

Terms and Conditions of the Project:

• the annual leasing interest rate shall be 2%, while the  subsidizing and financing the leasing interest rate for economic entities operating in the areas of boundary settlements receiving social backing assistance and nationals  having become disabled as a result of combat duty or operations held within the performance of military service duties, as per approved  approved by the Decree of the Government of the Republic of Armenia No. 1444-Ն dated  December 18 2014, shall be implemented in such an amount that the annual interest rate of the lease payable will form 0%,
• upfront payment in the amount of 20% of the purchase price of the leased item, 
• leasing redemption terms will be the following,
• for combine harvesters – 10 years,
• for agrimotor tractors – 6 years,
• for seed planters, collecting and bailing units – 3-6 years,
• for other agricultural machinery – 3 years.
  
    

In this respect, in case the agrimotor tractors and other agricultural machinery are provided to the same lessor in the same sitting, the repayment period may be set for 6 years.

•  pause periods for the course of repayment of the basic  amount and the leasing interest rate  shall be set up to 6 months per year.

The   amount of the total cost of the leased items purchased by the same lessee under this project should not exceed AMD 250.0 million.

For inquiries and advisory assistancce on this Project, please contact the Department of Agricultural Consulting and Innovation via following phones:

 +374 11 523 411, +374 11 597 254, +374 11 297 428, +374 11 529 231.