''The Georgian government has increased an interest rate for co-financing agro-credits,'' Minister of Agriculture Levan Davitashvili said when presenting an anti-crisis plan for agriculture today.
The new bank services for agriculture include the following:
- About 5,000 – 100,000 GEL loans with full 17% co-financing. The co-financing period equals six months.
- Co-financing component for critical facilities – loan from 20,000 to 1,500.000 GEL, with 48 months co-financing period.
- The food industry facilitation component includes a loan from 1,500.001 GEL to 5,000.000 GEL with 10% co-financing for 24 months.
- The government will fully finance the loans for one-year cultures.
The agro-credit budget was 74 million GEL earlier, but the government has allocated 7,5 million GEL besides.
The Georgian government plans to spend 10 million GEL for agriculture modernization.
Bela Gelashvili
News Author