Yerevan/Mediamax/. The session of the Armenian government approved the 2012 program of state support to the small and medium enterprise today.

Armenian Minister of Economy Tigran Davtyan recalled that it’s a budget program which provides support to small and medium enterprise in various formats – loan guarantees, technical assistance, consultations and direct crediting, Mediamax reports.

The Minister noted that volumes of direct crediting of small and medium enterprise this year increased 3-fold against 2010.