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Changes are included in the Preferential Agrocredit Project
The Rural Development Agency has been implementing the Preferential Agrocredit project for more than 9 years.
The main objectives of the “Preferential Agrocredit” are to improve the production processes of primary production, processing and storage-marketing in agriculture by providing farmers and agricultural entrepreneurs with cheap, long-term and affordable funds.
A number of changes were made in the project in line with the requirements of the sector.
In accordance with the amendments approved at the government session, and within the framework of the "Preferential Agrocredit for financing fixed assets", the financing of the cost of berry seeds for placement in a greenhouse and pots is available at the expense of the loan, if the purpose of the loan is to create a greenhouse for growing berry crops.
The state will finance a loan to the farmer for four years at a rate of 11% per annum. The loan amount will be from 20 thousand to 1.5 million lari.
Under the sub-component of the project “Growing New Perennial Crops”, beneficiaries will have the opportunity to use the loan amount to install protective nets in perennial orchards or to repair existing ones.
It also becomes possible to construct an auxiliary building by using the amount of the loan. For the cultivation of new perennial crops, the percentage of annual co-financing will be 11%. The state will finance a loan to the farmer for 66 months (5.5 years) at a rate of 11% per annum. The loan amount ranges from GEL 20 thousand to GEL 1.5 million.
Under the component of the project “Preferential Agroleasing”, which serves the development of equipment and enterprises that create additional value for agricultural products, it becomes possible to lease a vehicle integrated with non-stationary production lines.
The percentage of annual co-financing for the subsidized Agroleasing component is 11%. The state will finance a loan to the farmer for 36 months at a rate of 11% per annum. The loan amount ranges from GEL 20 thousand to GEL 1.5 million.
Within the framework of the same component, it becomes possible to purchase a vehicle integrated with non-stationary technological lines. The percentage of annual co-financing in the fixed assets component is 11%. The state will finance the loan to the farmer for 48 months in the amount of 11% per annum. The loan amount is from GEL 20,000 GEL to 1,500,000.