Preferential Agro Credit Project has been initiated by the Ministry of Agriculture of Georgia and has been implemented by the Agricultural Projects Management Agency since 27 March 2013.The purpose of the project is to improve the processes of primary agricultural production, processing, storage and sale by providing farmers and entrepreneurs engaged in agriculture with cheap, long-term and preferential funds.
Preferential agro Depreciation is provided by the Bank of agricultural products, processing enterprises for loans for fixed assets allocated to the fixed annual interest rate of 11% of the funding agency.Preferential agro-core assets will be issued for new agricultural enterprises and the expansion of existing enterprises to finance the following types of enterprises:
A) Processing plants:
B) Infrastructure enterprises:
C) The primary agricultural enterprises:
For more information, please visit : www.apma.ge
Agro-credit within the fixed assets is determined by the amount of the loan in 20 000 to 600 000 US dollars or its equivalent in the loan shall not exceed 84 months.
The loan interest rate will be co-financed by the Agency, 11% of the annual repayment of the principal, the agency will pay for the loan according to the schedule, the borrower s loan services simultaneously.
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