How to apply?

To become a beneficiary of the program, it is necessary to apply to a partner bank of the program.

About program

The goal of the measure is to create access to affordable financial resources for economic entities through the modernization of production capabilities and the introduction of new technologies into the Republic of Armenia.

As a result, the competitiveness of manufactured goods and services provided will increase, and there will be a rise in labor productivity.

The measure is intended for legal entities or individual entrepreneurs (IEs) operating in the following sectors:

• manufacturing industry
• mining and quarrying
• information and communication
• construction
• transportation and storage
• professional, scientific, and technical activities
• education
• healthcare and social service to the population

Requirements

To apply for the measure, it is necessary to:

• be a private commercial organization or an individual entrepreneur registered and actually operating in the territory of the Republic of Armenia.
• have made an investment in the statutory capital (the part of the company's property formed by investments made by the founders) in the amount of 200 million AMD or more from January 1, 2021, up to the moment of submitting the application for assistance. In this case, the maximum subsidized amount of the loan/leasing is set at five times the amount of the investment made in the statutory capital, but not more than 10 billion AMD, or the equivalent of 5 billion AMD in foreign currency lending.

Required Documents

The list of necessary documents is provided by the bank.

Amount of support

The maximum reimbursed amount of the loan/leasing is 1,000,000,000 AMD

Loan terms

A grace period for the repayment of the principal amount of the loan/leasing is set for up to 6 months.

Loan/Leasing Interest Rate Subsidy Amount

• for a loan: 8% in AMD, 6% in foreign currency, 
• for leasing: 10% in AMD, 8% in foreign currency.

Loan/Leasing Repayment Periods

• for an amount equivalent to up to 200 million AMD, the subsidy period is up to 42 months. 
• for an amount equivalent to more than 200 million AMD, the subsidy period is up to 36 months.

Delivery period and procedure

• The loan/leasing is provided within 14 working days.
• The program's partner bank processes the loan/leasing for acquiring machinery and equipment and submits an application to the Ministry of Economy.
• The Ministry checks the submitted application, after which the interest rate subsidization is implemented. 

Reference to Legislation

Decision of the Government of the Republic of Armenia No. 355-L of March 26, 2020.

The resolution can be viewed on arlis.am.