Rural Capacity Building Project

8. Rural Assets Creation Programme (RACP)


The overall goal of the programme is to reduce rural poverty in the Republic of Armenia.

The main objectives include: establishing economically viable fruits and nuts sector with backward linkages to poor rural smallholders, introducing modern horticultural practices, establishing modern demonstrative orchards, supporting the whole value chain in horticulture, developing a special financial product for orchard establishment, rehabilitating infrastructure in rural areas, developing a special lending product for establishment of new orchards by farmers who are not in a contractual relationship.     

The Program will be effective until the end of 2015. The programme funds amount to around USD 52 million, of which:

 

IFAD – around USD 14 million (including IFAD Grant of USD 500,000);

OFID - USD 20 million;

DANIDA - around USD 4.2 million (Grant);

RA Government – around USD 11 million;

Beneficiaries - around USD 3 million.

 

RACP components are:

  • Support to Fruits and Nuts Sector
  • Rural Infrastructure
  • Programme Management
  • Rural Financing (Horticultural Loans)

 

RACP target areas are Aragatsotn, Lori, Shirak, Vayotz Dzor, Syunik, Gegharkunik and Tavush marzes of the Republic of Armenia.

Programme's Fruits and nuts sector development component will only be implemented in Tavush, Vayots Dzor and Aragatsotn marzes of Armenia. 

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Publications
Workshop10:5422.01.2016Ms Khalida Bouzar, Director of the Near East, North Africa, Europe and Central Asia division in...
20 Year Collaboration between the IFAD and the Republic of Armenia Continues09:4704.11.2015Recently the National Assembly of Armenia ratified the loan agreement for the new Infrastructure...
News
11:3808.06.2018
CONVERSE BANK TO PROVIDE SUBSIDIZED LOANS FOR ESTABLISHMENT OF ORCHARDS, ANTI-HAIL NETS AND DRIP IRRIGATION SYSTEMS11:0009.02.2018RA Deputy Minister of Agriculture Ashot Harutyunyan, Converse Bank's Corporate Business Director...
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STATE SUPPORT PROGRAM FOR AGRICULTURAL MACHINERY LEASING IN ARMENIA APPROVED16:4225.04.2017The government has approved the State Support Program for Agricultural Machinery Leasing in the...
AGRICULTURAL LENDING PROGRAM TO BE CONTINUED16:1831.03.2017Spring sowing has already begun in the villages, and the Ministry of Agriculture calculates the...







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