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AMD 1.3 Billion Released By Government To Finance 21 SMEs Loan Appli

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  • AMD 1.3 Billion Released By Government To Finance 21 SMEs Loan Appli

    AMD 1.3 BILLION RELEASED BY GOVERNMENT TO FINANCE 21 SMES LOAN APPLICATIONS

    /ARKA/
    July 23, 2012
    YEREVAN

    YEREVAN, July 23. /ARKA/. Some 1.3 billion drams were released by the
    government in the first six months of the year to finance 21 loan
    applications as part of a government-designed program to guarantee
    lending to small and medium enterprises, economy minister Tigran
    Davtyan told a news conference today.

    According to him, in January-June this year the government considered
    and approved 4,435 applications from SMEs on technical and financial
    assistance. The minister emphasized that 93.5% of businesses that
    received assistance in 2012 operated outside Yerevan.

    The government program is handled by the government-affiliated National
    Centre for Development of Small and Medium Enterprises founded in 2002
    and overseen by the Board of Trustees chaired by economy ministe.



    From: Emil Lazarian | Ararat NewsPress
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