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Georgia offers access to financial resources for farmers and business owners

Business Materials 17 December 2020 09:02 (UTC +04:00)
Georgia offers access to financial resources for farmers and business owners

BAKU, Azerbaijan, Dec.17

By Tamilla Mammadova – Trend:

Georgia has access to financial resources for farmers and business owners, said Agriculture Minister Levan Davitashvili, Trend reports via Georgian media.

He made the remark when presenting the annual report.

"State participation in liabilities with financial institutions is much higher, I mean the interest rates on loans to farmers and business owners covered by the state," said Davitashvili.

The minister spoke about the agricultural anti-crisis plan which was developed to support farmers and said that 300 million lari was allocated to neutralize the impact of the pandemic.

Several assistance packages have been developed under the anti-crisis plan which are:

- Subsidizing the cost of agricultural goods and plowing services, from which more than 172,000 farmers have already benefited from the program. The amount of the accrued subsidy exceeds 30 million lari ($9.1 million);

- Agro Diesel Support Program: more than 123,700 beneficiaries received agro-diesel discount cards up to 32,000 tons under the program and saved more than 5.2 million lari ($1.5 million) in total;

- Irrigation costs were fully written off, with 34,600 farmers benefited the program which amounted to total savings of over 3.8 million lari ($1.1 million).

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