Who are the beneficiaries of the 19th State Assistance Program?

The Government of Armenia has presented the 19th State Assistance Program. Seventy-five percent of the financial resources necessary for the implementation of the event will be allocated as an interest-free loan with an 8-year repayment period, while 25% will be granted as a subsidy.

The beneficiaries of the 19th State Assistance Program include organizations or individual entrepreneurs that meet the criteria established by the RA Law on State Support for Small and Medium Enterprises. They must have maintained a good tax and credit history for the 12 months preceding the application date, primarily operate in the regions of Armenia, and have not been beneficiaries of the “Investment Support Center” foundation’s financial assistance under the state support framework. Additionally, if they are applying for support under the beginner assistance program, they must have been beneficiaries of the state financial assistance through the “Investment Support Center” for at least 24 months prior to the date of application if they are seeking assistance for innovative development.