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.

Within the scopes of the Program, potential beneficiary can apply for one or more agricultural machineries but the number of one type machinery should not exceed one unit.

Co-financing is defined in total per one potential beneficiary.

No more than 3 agricultural cooperatives will be financed per administrative unit. 

In case a person is the shareholder of one or more agricultural cooperatives, it is inadmissible to mention one and the same land plot owned or leased/subleased by such shareholder in applications of several potential beneficiary. 

In case, land lot(s) is registered to co-owners, and such co-owners are not the members of the agricultural cooperative, the area of land plot(s) owned by shareholder/shareholders of agricultural cooperative shall be considered in the land plot(s) area.