Some $60 mn delivered within preferential agricultural loan program in Georgia
Georgia, Tbilisi, Sept. 11 / Trend, N. Kirtzkhalia /
Farmers received 95 million lari ($ 1 = 1.66 lari) within the preferential agricultural loan program in Georgia, Georgian Minister of Agriculture Shalva Pipia said at a press conference on Wednesday.
According to him, as of September 11, around 5,400 agricultural loans were delivered in Georgia within the program.
The minister said that it is very important that a total of 205 loans were delivered at the third phase of the program.
"These are loans for financing long-term infrastructure projects for a period of seven years at under three per cent per annum," he said. "Around 205 loans were delivered only at this stage, of which 49 - for the new enterprises, namely modern livestock farms, poultry farms, wineries, dairies, etc. This is a very important project and it works well. The loans were given in all regions of the country."