Within the frameworks of the subcomponent, the loans will be issued to initial producers of hazelnut, registered at the cadastral registry of hazelnut orchards, maintained in frameworks of the “Hazelnut Production Support Program” adopted by the Resolution N 516 of the Government of Georgia from November 3, 2022 on “Approval of Hazelnut Production Support Program” and having no less than 3 ha land plot(s) in total, with intensively, semi-intensively and traditionally planted hazelnut culture.   

Loans will be issued within the frameworks of the subcomponent for the following purposes:

• Financing of current expenses for pesticides, organic and mineral fertilizers, biological means of plant protection necessary for primary production of hazelnut;
• Hiring of labor resources and agricultural machinery for agricultural works, necessary for primary production of hazelnut;
• Financing of current expenses for fuel and lubrication materials used for agricultural works of for primary production of hazelnut.

Following individuals can apply for subcomponent:

• Any natural person, citizen of Georgia;
• Individual entrepreneur registered in accordance with Georgian legislation;
• Legal person registered in accordance with Georgian legislation (except state/municipal agencies).

Loan sum issued per beneficiary shall amount from 5,000 GEL up to 300,000 GEL (inclusive). 

Annual interest rate set forth for the utilization of loans issued by financial institution within the frameworks of the present subcomponent, should not overcome 18%.

Term of loan and payment schedule will be determined on the basis of the agreement of beneficiary and loan issuing financial institution.

The Agency will co-finance the interest of loan issued within the frameworks of the present subcomponent in amount of no more than 8% per annum for no more than 12 months, for no more than 14 months after the loan is issued. 

Maximum amount of loan for the primary production of nuts should not exceed 3,000 GEL per 1 ha. 

Loan terms not provided forth by the present Article, shall be governed by the general terms established by the working capital component.