Preferential agro-leasing component’s sub-component for agricultural and timber production mechanization. 

1. Preferential agro-leasing within the subcomponent shall be issued only for the purchase of agricultural machinery and implements and / or timber-making machinery and implements (hereinafter referred to as the “Equipment”) (compliance of timber-making equipment and implements must be confirmed by a certificate issued by the LEPL National Forestry Agency), which can be purchased only by non-cash payment.

2. Leasing of an implement within the subcomponent is allowed only if the beneficiary has the appropriate equipment in the registered ownership (it must be confirmed by appropriate documentation) or if the purpose of the issued agro-leasing is to jointly lease the implement (s) of the relevant equipment (s).

3. Equipment leasing within the subcomponent can be obtained in the local market (from an individual entrepreneur and / or legal entity registered in Georgia) or through import.

4. The equipment to be leased must be new (except for the equipment to be procured from the Agricultural Logistics and Services Company Ltd (I.C.: 206348736) and from "Agroservice Center" LLC (S/C 406321065)) in particular, it must meet the following two conditions:

a) At the moment of leasing the equipment, the guarantee issued by the equipment  manufacturing company must be valid (except for the equipment purchased from the      Agricultural Logistics and Services Company Ltd (I.C.: 206348736) and from "Agroservice Center" LLC (S/C 406321065));

b) At the moment of leasing the equipment, the guarantee issued by the equipment        manufacturing company must be valid (except for the equipment purchased from the      Agricultural Logistics and Services Company Ltd (I.C.: 206348736) and from "Agroservice Center" LLC (S/C 406321065));

5. The following persons can use preferential agro-leasing within the subcomponent:

          a) Natural citizen of Georgia (from 7000 GEL to 75 000 GEL);

          b) Individual entrepreneurs or legal entities registered in Georgia (within the limit                        specified in the subcomponent, in case of any amount).

6. Preferential agro-leasing within the subcomponent is defined from GEL 7,000 through GEL 1,500,000. The sum of the preferential agro-credit (s) and agro-leasing (s) taken by the beneficiary within the subcomponent of the preferential agro-credit for fixed assets should not exceed 1 500 000 GEL.

7. The amount of the target co-financing of the Agency within the subcomponent shall be 9% of the annual investment of the leasing issuer, which the Agency shall pay to the leasing recipient in accordance with the leasing payment schedule established by it in the contract, after payment of the leasing fee.

8. Within the subcomponent, the Agency shall provide co-financing of the leasing fee for not more than 48 months, in no more than 50 months from the moment of issue of the agro-leasing.

9. It is inadmissible for the beneficiary to take out the equipment (agricultural equipment) financed under the subcomponent outside the territory of Georgia during the period of co-financing of the leasing by the Agency.

10. Conditions for the preferential agro-leasing not envisaged by this subcomponent shall be governed by the general conditions of the preferential agro-leasing component.