02.Jul .2020 18:34

Grape collector companies will be able to benefit from preferential agro-credit

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Starting with the 2020 autumn grape harvest, companies which collect grapes will be able to benefit from preferential agro-credit.

Also, beneficiaries will no longer be obliged to produce a defined amount of grapes in case they receive credit for producing wine and alcoholic beverages.

The limit of the preferential agro-credit for ‘funding the food industry’ has increased from 5 mln GEL to 10 mln GEL.

Moreover, agro leasing for the food industry has increased from 5 million GEL to 10 million GEL. Also, the interest rate of the leasing will be co-financed for 36 months instead of 24.

In addition, hazelnut and tea growers will have more support in receiving co-financed loans to promote hazelnuts and tea productions in the country.

Some changes will be implemented in the state programme ‘plant the future’ based on which setting up anti-hail and irrigation systems will be co-financed. The financial assistance will be provided for the establishment of new nursery farms and / or modernization / expansion of the existing nursery farms.