5. The land plot, on which is planned planting of new perennial garden, should be in co-ownership or use of the borrower (in case of the cooperative with the agricultural status, it is allowed, to invest the loan amount to the land plots being in ownership of the cooperative members/shareholders) according to legislation of Georgia (In case of co-ownership there should be a consent of the co-owners about the use of the property during the loan period, and in case of use, its validity period should not be less than the loan period).
6. The participant is obliged to ensure a full spend of the tranche during 6 (six) months from receive of each tranche (any purchase implemented with the amount of the loan (except the service should be implemented by the entrepreneur physical/legal entity registered under the rule defined by legislation of Georgia or through import) and to submit the audit report to the bank for confirmation of the fulfillment of the loan's purpose (except the refinanced loan) (for the loans approved including 500,000 Gel, the entities in the register of the "Accounting, Reporting and Audit Supervision Service" of the state sub-agency institution included in the system of the Ministry of Finance of Georgia, who have I, II, III or IVcategory; for the loans approved from 500,001 Gel, the entities in the register of the "Accounting, Reporting and Audit Supervision Service" of the state sub-agency institution included in the system of the Ministry of Finance of Georgia, who have I, II, or III category or LEPL "Levan Samkharauli National Bureau of Forensic Expertise”) during 7 months from issue of the loan or its tranche. If the beneficiary does not submit an audit report in the mentioned term, the agency will terminate co-financing to the beneficiary and after expiration of 12 months the agency will cancel the co-financing and secondary provision.
7. Within the sub-component is possible to issue the preferential agro-credit only for planting/arrangement of new gardens (purchase of seedlings is allowed only from the local nurseries and/or imports determined by the state program "Implant the Future") for the following purposes:
- Cultivation of stone and seed fruit species;
- Cultivation of walnut species;
- Cultivation of berry cultures;
- Cultivation of citrus and other subtropical cultures;
- Cultivation of tea, bay leaf and other technical cultures;
- Cultivation of perennial flowers;
- Cultivation of woody and fast-growing plant species;
- Arranging the irrigation and drainage systems (other than vine);
- Arranging the supporting systems (wire, columns) for the perennial plants (other than vine);
- Arranging the fence for the agricultural facility (columns, wire, barbed wire, wire net, electric fence), repair/arrangement of hail protection systems (nets, support system), as well as arranging water well, connection to water, electricity and natural gas supply sources and sewerage, purchase, installation, arrangement of renewable energy sources (other than vine);
- Purchasing the inventories for plant-growing (other than vine);
- Financing all expenses, including operating expenses, for the new commercial yielding of the new perennial crop planted under the subcomponent.
- Audit report value, not more than 1% of the loan amount, but not exceeding GEL 15,000.
- Construction of the auxiliary buildings (not more than 20 000 Gel).