Terms and limitations for program co-financing

Co-financing volume should not exceed 50% of agricultural machinery price, maximum 100,000 GEL. Participation of potential beneficiary may be provided through:

• Own funds;
• Loan/leasing, issued within the scopes of the “Preferential Agricultural Credit” approved by the Resolution No” 139 on the Government of Georgia on “Approval of preferential agro-credit project and the project of co-financing for processing and storage enterprisers” from January 27, 2014 year.
• Grant financing received or to be received by potential beneficiary.

The program provides co-financing for the purchase of an agricultural tractor (with a power range of no less than 20 HP and no more than 100 HP) and agricultural implements attachable to the tractor.

A potential beneficiary may request funding for one or multiple pieces of agricultural equipment. However, only one unit of each type of equipment can be financed per beneficiary.

Co-financing is determined on a cumulative basis per beneficiary.

In a single administrative unit, no more than 3 agricultural cooperatives can receive funding.

If an individual is a member of two or more agricultural cooperatives, the same land parcel(s) owned, leased, or subleased by them cannot be listed in multiple applications.

If the land parcel(s) has multiple co-owners, and not all of them are members of an agricultural cooperative, only the portion of the land owned by the cooperative member(s) will be considered in the total land area calculation.