Loans for the development of intensive horticulture, modern technologies implementation and promotion of non-traditional high-value crop production

Beneficiaries

Legal entities, private entrepreneurs and individuals.

Purpose of the loan

• Creation of vineyards, intensive fruit and berry orchards /further-horticulture/
• Cultivation of non-traditional valuable crops
• Construction/expansion of modern irrigation systems and/or reservoirs
• Implementation of hail protection networks

Loan currency

AMD

USD

Maximum loan amount per 1 ha

Horticulture depending on the planting material and the availability of protective equipment

• vineyard: 12.53-20.43 mln AMD
• Intensive garden: 7.27-35.25 mln AMD
• Berry orchards: 18.29-28.55 mln AMD

Cultivation of non-traditional high-value crops: 2.13-6.86 mln AMD, depending on the culture

Construction/expansion of modern irrigation systems and/or reservoirs: 2.3-15.0 million AMD, depending on the type of system

Implementation of hail protection networks: 12.1 mln AMD

See the program details

Subsidized interest rate

• Horticulture and cultivation of non-traditional crops:

9% AMD, 5% USD

• Construction/expansion of modern irrigation systems and/or reservoirs and implementation of hail protection networks:

12% AMD, 7% USD

• In localities receiving social support ՝

14% AMD, 8% USD

Credit maturity and grace period

Amounts payable to the Development and Investment Corporation of Armenia for lending

The corporation does not set any other fees for services

Possible early repayment terms and conditions

There are no fines or penalties for early repayment of the loan

Useful information

The loan is provided within the framework of the 2021-2025 state support program for the development of intensive horticulture, modern technologies implementation and  promotion of non-traditional high-value crop production, the details of which can be found at the following link.

• In case of necessity to change significant conditions (interest rate, commission, penalty, term, volume of liability)
  which will increase the liability of the guarantor or cause other adverse consequences, the guarantor shall be
  notified in advance (7 days before the change). the mentioned change is made in accordance with the procedure
  pre-selected by the guarantor, and in case of the latter’s consent, the mentioned change is made.
• The customer has the right to communicate by mail or e-mail.

Other lending terms are common to all types of loans that you can find at the following link.