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EU, UNDP take steps to foster rural economic diversification in Georgia

Business Materials 4 March 2021 11:50 (UTC +04:00)
EU, UNDP take steps to foster rural economic diversification in Georgia

BAKU, Azerbaijan, March 4

By Tamilla Mammadova – Trend:

Non-farm start-ups and businesses in the Georgian municipalities of Akhalkalaki, Borjomi, Dedoplistskaro, Kazbegi, Keda, Khulo, Lagodekhi, and Tetritskaro are invited to a apply for a grant, Trend reports via the European Union (EU).

The call for proposals was launched by the EU, the United Nations Development Program (UNDP) and the Rural Development Agency of the Ministry of Environmental Protection and Agriculture of Georgia.

The grant program aims to foster rural economic diversification, create sustainable employment, and improve sustainable management of natural resources and climate action in rural areas.

Grants for start-ups or existing business expansion will range from 20,000 lari ($6,032) to 340,000 lari ($102,560) per beneficiary for the duration of the program, with a maximum of 170,000 lari ($51,280) per project. Grants for energy efficiency measures range from 1,500 lari ($452.47) to 30,000 lari ($9,049) per application.

In both cases, the grantees will be required to co-finance at least 20 percent of the total business project value.

The deadline for submissions is March 31, 2021.

The grant initiative is part of the broader EU-funded ENPARD program, which supports agriculture and rural development in Georgia since 2013 with a total budget of 179.5 million euros.

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