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Georgia to keep investing in Agrocredit Program – PM

Georgia Materials 18 December 2021 15:09 (UTC +04:00)
Georgia to keep investing in Agrocredit Program – PM

BAKU, Azerbaijan, Dec. 18

By Maryana Akhmedova – Trend:

Georgia will spend 121 million Georgian lari ($39.2 million) on the “Agrocredit program” in 2022, Prime Minister of Georgia Irakli Garibashvili said during the 2021 hearings on the activities of the Government, Trend reports via the press service of the Government Administration.

“A total of 560 million Georgian lari ($181.8 million) was spent from the budget on the “Agrocredit Program” this year,” the PM said.

According to him, the Government's goal is to empower entrepreneurs and farmers to create high-quality, competitive Georgian products.

“Under the Rural Development Agency, up to 14,000 hectares of new perennial gardens have been planted across the country. With the financial support of the state, more than 250 new ones have been created, and more than 1,000 enterprises are functioning,” Garibashvili said.

“The number of employees in rural areas has exceeded 40,000 people in 2021,” the PM noted.

Georgia started a large-scale co-financing project for agricultural mechanization in 2021, which involves the mobilization of agricultural machinery worth 150 million Georgian lari ($48.7 million), the PM said.

“Some 368 reclamation infrastructure projects were implemented with the government’s support. As a result, the area of ​​water-supplied agricultural land has increased from 45,000 hectares to 160,000 hectares,” he added.

“Meanwhile, significant projects have been implemented in the field of environmental protection. The area of ​​protected areas under Georgian government has increased to a record figure of 280,000 hectares. Today, the area of ​​protected lands is 11.5 percent of the entire territory of the country,” Garibashvili said.

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