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Co-financed areas to be increased in Georgia

Business Materials 23 October 2020 11:41 (UTC +04:00)
Co-financed areas to be increased in Georgia

BAKU, Azerbaijan, October 23

By Tamilla Mammadova – Trend:

Agro insurance is one of the most successful programs launched by the Georgian government, which is developed through private insurance companies and significantly reduces the risks of farmers, said the Minister of Environment and Agriculture Levan Davitashvili, Trend reports via Georgian media.

He made the remark in Telavi, on the presentation of "Georgian Dream - Democratic Georgia" Agriculture Program.

According to the information spread by the press service of the "Georgian Dream," Davitashvili said that there would be a significant breakthrough in the next 4 years.

"Co-financed areas will be increased. Therefore we will finance more than 82,000 hectares of agricultural crops in Georgia, the insurance amount of which should exceed 600 million lari ($186.4 million), for which more than 40 million lari ($12.4 million) is allocated in the budget," the minister said.

According to him, more than 114,000 policies have been issued since the beginning of the "Agroinsurance" program in 2014. The insured area exceeds 100,000 hectares.

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