Participation in the agricultural loan subsidy program

“Credit Concept” UCO CJSC has signed a memorandum of understanding with the Ministry of Economy of the Republic of Armenia and the Rural Finance Facility (RFF) of the “Rural Areas Economic Development Programs Implementation Unit” to ensure the implementation of the “Subsidizing the interest rates on loans provided to the agricultural sector” Program.

The main goal of the program is to contribute to the development of economic capacity, introduction of modern technologies, increase of agricultural efficiency by partially subsidizing the interest rates on loans provided to individuals and legal entities engaged in the agricultural-food sector of the country.

Within the framework of its general strategy, “Credit Concept” UCO CJSC intends to support the sustainable development of agriculture through credit investments and provide targeted loans to farming and other economic entities involved in the entire agricultural chain.

Participation in the implementation of the program “Subsidizing the interest rates on loans provided to the agricultural sector” Program is in line with the Company’s goals and increases the potential of agricultural credits of “Credit Concept” UCO CJSC.