Support to Farmers from the State Agricultural Fund with Affordable Loans in Bulgaria

Published Feb 2, 2021

Tridge summary

The State Agricultural Fund in Bulgaria has announced a loan scheme to assist farmers in purchasing necessary supplies for vegetable and fruit production, including seeds, seedlings, and fertilizers. The loans, up to a maximum of 300,000 leva per farmer, are aimed at 12,000 vegetable producers and 2,000 tree growers, who will each receive 6 million leva. The loans, with an interest rate of 1.5% per year, are due to be repaid by November 30, 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As of yesterday, farmers can apply for loans to purchase seeds, seedlings and fertilizers for vegetable and fruit production, according to the statement made by the State Agricultural Fund. The highest amount of loan support to be provided per farmer was determined as 300,000 leva. The State Agricultural Fund will distribute 6 million leva to vegetable producers and 6 million leva to those who grow trees such as apples, pears, plums and grapes to give loans to farmers. The highest amount of loan support will be given for growing tomatoes and ...

Source: Ticaret