What state programs will support the agricultural sector of Georgia in 2023?

Published 2023년 2월 28일

Tridge summary

In 2023, the Georgian government is set to boost its support for the agricultural sector through various initiatives, including an increased budget for the Preferential Agro Loan program to 200 million lari ($76,126,675), digital technology subsidies for agricultural applications, the continuation of the Plant the Future program, and a new Hazelnut Production Assistance Program. This last program aims to encourage the cultivation of hazelnuts by providing a one-time subsidy of 500 lari per hectare to registered farmers, in an effort to inspire farmers to maintain their walnut plantations despite previous challenges.

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Original content

Last week, Deputy Minister of Environment Protection and Agriculture of Georgia Giorgi Khanishvili spoke about the government's plans to support agriculture in 2023. In particular, about the programs “Preferential Agro Loan”, “Hazelnut Production Assistance Program” and “Plant the Future”, which will finance the agricultural sector in 2023. See also: Onions in Georgia are no longer so expensive, what happened? The preferential agricultural lending program has been implemented in Georgia since 2013 and involves subsidizing interest rates on loans issued by commercial banks to farmers. In 2023, the budget for this program has been increased to 200 million lari ($76,126,675), EastFruit reports. In addition, at the end of 2022, state representatives announced subsidies for the introduction of digital technologies, in particular, agricultural drones and weather stations as part of the program. Details of the program can be found here. In 2023, the Plant the Future program, which ...

Source: Eastfruit