In order to further encourage the creation of nurseries and gardens across Georgia the government has decided to increase co-financing per beneficiary of the state programme ‘Plant the Future’ from 100,000 to 250,000 GEL, announced Georgian Prime Minister Mamuka Bakhatdze.
Increased co-financing will enable entrepreneurs to purchase perennial plants, sprinkle drop systems and modern irrigation facilities, said Bakhtadze.
In addition, co-financing in the planting component of projects with total cost of 500,000 GEL will be increased to 70%, instead of previously allocated 50%.
Several years ago the deficit in the trade of agriculture produce reached 900 million GEL. Nowadays, we have managed to reduce it to 300 million GEL. Increased production in agriculture is our declared priority”, said Bakhtadze.
Bakhtadze said that the government’s goal is to replace imported products with locally produced ones and increase exports at the same time.
The state programme ‘Plant the Future’ was created in 2015, aiming to stimulate Georgia’s agricultural industry.