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Coronavirus fails to be obstacle for Cheap Agro Credit project

Coronavirus fails to be obstacle for Cheap Agro Credit project
Coronavirus fails to be obstacle for Cheap Agro Credit project

The projects launched by the Rural Development Agency continue during the epidemic.

As of February 2020, 91,494,457-GEL value loans were issued, and the agency co-sponsorship included 14,494,666 GEL.

As reported by the agency, the project aims to facilitate the agro entrepreneurs to store and sell the product.

''The project made cheap financial resources available for the entrepreneurs and farmers,'' the agency reports.

The Agriculture Modernization co-sponsorship program also continues. It includes the components for co-financing individual farmers, processing enterprises, and agricultural cooperatives.

As of March 31, 2020, 99 deals were signed with total investments equalling 9,012,080 GEL.

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