Government to provide educational credits for cheap percentage rate

YEREVAN, MARCH 14, ARMENPRESS. Educational credits for cheap percentage rate will be provided to the students of the Armenian higher educational institutions. For that reason the Government of the Republic of Armenia made a decision to allocate AMD 21 million during the March 14 session. As reports "Armenpress" during the session of the Government of the Republic of Armenia, which was held on March 14, the Minister of Finance of the Republic of Armenia Vache Gabrielyan stated that it has been provisioned to allocate AMD 1.800.000 for each student for 12 percentage rate during the four year of study. 2-3 percent will be subsidized by the Government of the Republic of Armenia.

Among other things the Minister of Finance of the Republic of Armenia Vache Gabrielyan noted: "The credit program will be implemented via "Home for Youth" RCO CJSC organization."