12.Nov .2020 15:15

Some Farmers Will Be Guaranteed a State Loan – What Does That Mean?

Some Farmers Will Be Guaranteed a State Loan – What Does That Mean?
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The Government of Georgia has made another change in the program "Enterprise Georgia" to help the private sector affected by the pandemic.
 
As the Ministry informed bm.ge of Economy and Sustainable Development, the change will affect - farmers who cultivate perennial crops. They will be able to join the credit-guarantee scheme.
 
According to the Minister of Economy and Sustainable Development, Natia Turnava, the involvement of farmers in the credit-guarantee scheme is a very important issue.
 
"The credit-guarantee scheme includes 12 banks operating in Georgia and operates under the" Enterprise Georgia "scheme." "The scheme guarantees up to 70% of the collateral to be submitted to the bank for small and medium-sized enterprises, which will significantly facilitate access to finance for small and medium-sized enterprises," the agency "Enterprise Georgia," says.