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.
