Others(Other environmental measures)

Republic of Armenia has undertaken number of Support Programs to address the economic and social impacts of COVID-19, some of which are directly related to the climate change adaptation and mitigation. They are:
Target : Agriculture
Beneficiaries:
a) Such local people operating in the field of agriculture in the territory of the Republic of Armenia that boast a good credit record;
b) Individual entrepreneurs or legal entities with a good credit and tax record, except for agricultural cooperatives with up to 365 days of registration;
Form of Assistance: Co-financing of targeted loans / leasing and / lending / leasing interest rate subsidy.
The basic terms and conditions may vary depending on the purpose of the loan / leasing facility provided under the program, as well as on the beneficiary’s legal status.
Loan / leasing facility interest rate subsidy:
Loan / leasing facility interest rate: 0%
Maturity of loan / leasing facility – 10 years at maximum
Grace period for the principal amount – 5 years at maximum
Co-financing:
Agricultural cooperatives – 10-70%;
Individuals – 10-30% (30% for loans provided under pig, poultry, pedigree cattle, pedigree / non-pedigree sheep and goat breeding projects;
Leasing of agricultural and agri-food equipment – 10% of down payment, but not more than 10 million drams)
Legal entities (except for agricultural cooperatives) and self-employed entities – 10-30% (30% for loans provided under pedigree cattle, sheep and goat breeding projects;
Leasing of agricultural and agri-food equipment – 10% of down payment, but not more than 10 million drams)
In case of introduction of energy-saving, water-saving technologies, introduction of greenhouses it will be possible to save water resources, to create favorable conditions for the development of agricultural sectors in low-water regions. The us of modern agricultural machinery, solar stations, can reduce the CO2 emissions.
Target: High-tech industry
Beneficiaries: Business entities that meet the criteria specified in the RA Law on State Support in the Sphere of Information Technologies,
Form of assistance: one-time grant to successful entrepreneurs
Basic conditions:
– As of the day of submitting the application, the beneficiaries did not have overdue tax and credit obligations during the last 12 months.
– As of the day of submitting the application, the beneficiaries had not received a grant from the High-Tech Ministry during the last 12 months.
– Beneficiaries should have been registered in Armenia over the past two years as manufacturers, or registered in Armenia for more than 2 years in case of services;
Or technology companies that will attract documented and approved investments.
Introduction of the modern and IT technologie, automated programs in the economy and environmental spheres and monitoring programs, will be possible to carry out complex studies, field optimization, creation of online data collection automated systems, through which studies and environmental analysis can be done properly.
Target: Support for competitive business ideas, entrepreneurial ideas developed by beneficiaries seeking to start a business from scratch, promotion of innovative business plans
Beneficiary: Armenia-registered economic entity or individual entrepreneur
Form of Support: 75% of financial resources are provided as interest-free loans with a maturity of 8 years, 25% as grants.
Basic Terms and Conditions:
– compliance with the criteria established by the RA Law on State Support for Small and Medium Enterprises,
– good tax and credit record during the 12 months preceding the day of submission,
– involvement in the regions of Armenia,
– the applicant has not benefited from the Investment Support Center Foundation’s startup support facilities;
– for at least 24 months before the date of application, the applicant has benefited from the Investment Support Center Foundation’s innovative development support facility.
Support for competitive business ideas, entrepreneurial ideas developed by beneficiaries seeking to start a business from scratch, promotion of innovative business plans will provide employment to the rural-community population, possible socio-economic stability, and the creation of additional financial resources, as a result of which the negative anthropogenic impact on the environment can be reduced (illegal logging, poaching, etc.).