The Agency of the Ministry of Economy and Sustainable Development has highlighted the achievements of the Enterprise Georgia micro-entrepreneurship support programme after its first year of operation.
According to the ministry’s press service, more than 1,200 loans amounting to up to GEL 60 million were approved during this period. The investments facilitated by the programme have generated an additional 2,643 jobs.
“The programme fosters the development of micro-entrepreneurship, the creation of new employment opportunities, and the expansion of entrepreneurial capacity. It provides special benefits for entrepreneurs residing in mountainous regions, women entrepreneurs, and start-up ventures. Beneficiaries can access full or partial interest subsidies through the Agency’s partner financial institutions, benefit from an 80% guarantee during the loan process, and receive co-financed consulting services of up to GEL 25,000.
Additionally, applicants with an income not exceeding GEL 500,000 are eligible to participate. The support period extends up to five years, with loan amounts ranging from GEL 20,000 to 50,000,” the Ministry of Economy and Sustainable Development reports.
Another innovative initiative of the Produce in Georgia agency, the regional consulting centres, has bolstered the programme’s success. These centres are now operational in six Georgian cities: Zugdidi, Telavi, Kutaisi, Akhaltsikhe, Batumi, and Tbilisi.
