Land users in the Nagorno-Karabakh provided since 2008 to date some 997 million drams worth loans

YEREVAN, September 28. / ARKA /. Land users in Nagorno-Karabakh Republic have been provided since 2008 to date some 997 million drams worth loans, of which 49% have been repaid so far, according to head of the Fund to Support Agriculture Vahram Baghdasaryan, who spoke during yesterday's meeting convened by prime minister Ara Harutyunyan.

"The maturity of loans to the tune of 458 million drams provided for spring sowing works in 2012, will expire on October 15," according to Baghdasaryan.

Heads of district administrations were told to take steps to ensure the timely repayment of loans.

The prime minister said future assistance to farmers by the government will depend on the pace of loan repayment.

"It is also necessary to specify what the farmers need- loans or financial assistance and be guided by it while developing a new lending program," Harutyunyan said.. ($ 1 - 405.39 drams). -0-