Georgia: The Rural Development Agency (RDA) of Georgia will cover the interest of the loan given to bring crops into the country for one year. It will be done within the framework of the project “Substantial agro credit”
The Rural Development Agency (RDA) of Georgia shared the details about this on its Official Facebook page on March 10, 2025, Monday. It is worth noting that the Rural Development Agency (RDA) of Georgia is a government body that was established in 2012 to promote rural development.
According to the details provided by RDA, it should be noted that the Rural Development Agency will co-finance the interest of the issued loan for not more than 12 months with an annual amount of 9%, within the framework of the subcomponent.
The maximum amount of annual interest rate of the loan is 18%. The amount of loan issued to one beneficiary is determined from not less than 10,000 GEL to not more than 100,000 GEL, and in case of grain crops, from not less than 100,000 GEL to not less than 300,000 GEL.
Notably, the loans will be issued under the subcomponent to finance one-year crops (vegetable, cereals, and garden crops) and the costs of one operating year of Yonji.
The loans will be issued especially, to reduce the ongoing costs of bringing annual crops (vegetable, cereal and garden crops) at all stages of plant care and growth, whether it is sowing and benefit material, or the purchase of biological fertilizers and plant protection products. The cost of hiring workers and agricultural machinery, and the cost of fuel used are taken into account.
It is also noteworthy that, the sub-component defines the maximum cost of maintaining specific one-year crops and yonji per 1 hectare.
