The secondary guarantee component for Current Assets
- The secondary guarantee component for the rotary means of livestock breeding envisages the Agency’s secondary guarantee of the rotary means allocated by the financial institutions for the livestock breeding.
- The secondary warranty (collateral) of not more than 50% of the total volume of the principal amount of each new loan (non-refinanced / unstructured) issued under the component will be secured by the Agency within the next 18 months after the issuance of the loan or its first tranche if the primary collateral of the loan is the property subjected to the business wholly or partially financed with the loan. Secondary collateral will be provided to the financial institutions only if due to the failure of the borrower to fulfill his/her obligations, the financial institution sells the initial collateral and as a result does not receive 100% of the remaining principal amount; in this case the Agency will pay the difference by up to 50% of the remaining principal amount available before sale of the initial collateral, but not more than 150 000 GEL.
- The secondary collateral shall be issued only after the beneficiary submits an audit report to confirm the purposeful spending of the loan.
- The following persons may use preferential agro-credit within the component:
a) Georgian citizen natural person;
b) Individual entrepreneur registered in compliance with the legislation;
c) Entrepreneur legal entity (except for the state/municipal enterprise) registered in compliance with the legislation.
5. In order for a potential beneficiary to enjoy a preferential agro-credit, he/she must meet the preconditions for the issuance of such loans by the financial institution and the requirements of the present project:
a) The potential beneficiary must be registered in the register produced within the framework of the “Farms / Farmers Registration Project”.
b) The farm and/or land, where the implementation of the mentioned targeted activities is planned to be implemented, must be in the ownership, co-ownership or use of the borrower, according to the legislation of Georgia (in case of co-ownership, there should be co-owners’ consent on cession of the property during the loan term, while in the event of the use its period of validity should not be less than the loan period).
6. The loan is issued under the component for the following purposes:
A) To finance the following types of rotary means for livestock breeding:
A.a) Purchase of non-breeding and growing cattle (both by import and locally);
A.b) Financing the current costs of cattle feed;
A.c) Financing the current costs of livestock veterinary drugs;
A.d) Financing the labor resources and veterinary services.
News
From March 22 of this year until today, 6,651 preferential loans of 104 million GEL have been granted to promote the cultivation of annual crops
From March 22 of this year until today, 8,651 preferential loans of 131,4 million Gel have been granted to promote the cultivation of annual crops
9,713 loans with a value of 147.9 million GEL have been granted within the framework of the state project to promote the cultivation of annual crops from March 22 to now
Farmers can buy an agrodrone and a weather station with a preferential agro-credit
11,960 loans with a value of 187,5 million GEL have been granted within the framework of the state project to promote the cultivation of annual crops
The increased budget of the preferential agrocredit project for 2023 was set at 200 million GEL
The harvest from gardens co-financed under the state programs is successfully exported to Germany and the United Arab Emirates
With the financial support of the state, the company “Golden Farms” planted a garden of blue blueberries on 16 hectares and arranged refregirated farming
In Senaki Municipality, Rural Development Agency financed the planting of the blue blueberry garden and the creation of the cold farming
With the support of the Rural Development Agency and USAID a new enterprise was launched in the Kakheti region
The Rural Development Agency will issue co-financing in the direction of cattle breeding with new conditions
The farmer talks about the sale of the peach harvest with the government's support
Otar Shamugia Visited the "Geo Flower" Enterprise in Akhaltsikhe
The farmer tells us about the sale of the peach harvest and cold storage with the government's support
The farmer tells us about the sale of the peach harvest and cold storage
The farmer tells us about the peach harvest export and cold storage with the support of the state
2024 Results of the Rural Development Agency
Success stories
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Alexander Pirtskhalaishvili - Greenhouse of Roses
Taofood - Combined food enterprise

Tsintskaro + - Milk Processing Enterprise
