Participation in the Agricultural Loan Subsidization Program

Credit Concept UCO CJSC has signed a memorandum of cooperation with the RA Ministry of Economy and the Rural Finance Facility of the "Rural Areas Economic Development Programmes Implementation Unit" State Agency regarding cooperation to ensure the implementation of the "Subsidization of Interest Rates for Loans Provided to the Agricultural Sector" program.

The main goal of the program is to contribute to the expansion of economic entities' capacities, the introduction of modern technologies, and the increase in agricultural efficiency through the partial subsidization of interest rates and the improvement of lending conditions for loans provided to individuals and legal entities engaged in the republic's agro-food sector.

Within the framework of its overall strategy, Credit Concept UCO CJSC plans to support the sustainable development of agriculture through stable credit investments and to provide accessible and targeted credit funds to farming enterprises and, in general, to economic entities involved in the entire agricultural value chain.

Participation in the implementation process of the "Subsidization of Interest Rates for Loans Provided to the Agricultural Sector" program aligns with the Company's goals and enhances the agricultural lending capabilities of Credit Concept UCO CJSC.