Gov’t to subsidise agricultural land owners with $100 per hectare in state programme
Landowners, co-owners and the beneficiaries who own lands from 0.25 up to 1.25 hectares will receive the subsidy as points added to their special agricultural accounts, enabling them to purchase goods needed for their work. Photo: mepa.gov.ge
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The Georgian Government will subsidise agricultural land owners with a state programme offering ₾300 ($97/€90) per hectare, Prime Minister Irakli Garibashvili announced on Monday.
Landowners, co-owners and the beneficiaries who own lands from 0.25 up to 1.25 hectares will receive the subsidy as points added to their special agricultural accounts, enabling them to purchase goods needed for their work.
Garibashvili called the programme a “very important assistance,” noting about 300,000 farmers would benefit from the project.
With a total budget of ₾35 million ($11.4mln/€10.5mln), the programme aims to facilitate timely implementation of agricultural works, and have a positive impact on associated costs.
The PM noted the Government also supported farmers with larger lands by financing the interest rate of loans taken with the working capital in the amount of nine percent, adding ₾20 million ($20.5mln/€6mln) had been issued in loans since March 22 to support cultivation of annual crops.
Garibashvili also said all municipalities in the country would have a 24-hour water supply by the end of 2025, noting the project tackling the long-standing issue would be funded with about ₾350 million ($114mln/€105.8mln).
He also highlighted the growth rate of foreign trade in Georgia remained high in March, also noting a “significant increase” in tourism in the reported period.
Georgian external trade turnover amounted to $3.8 billion in January-March 2022, posting a 38 percent increase year-on-year.
Revenue from international travellers amounted to $394 million in January-March 2022, an increase of about $340 million compared to the previous year, and a 68.1 percent recovery compared to 2019.
Georgian farmers will be able to get low-interest loans for production of annual crops, following latest changes to the preferential agro-credit state programme, Georgian Agriculture Minister Otar Shamugia announced on Monday.
Revenue from international travellers amounted to $394 million in January-March 2022 in Georgia, an increase of about $340 million compared to the previous year and a 68.1 percent recovery compared to 2019, the Georgian National Tourism Administration revealed on Monday.
Georgian Prime Minister Irakli Garibashvili visited agriculture projects during his tour in Georgia’s winemaking Kakheti region on Saturday.
Georgian external trade turnover amounted to $3.8 billion in January-March 2022, posting a 38 percent increase year-on-year, the National Statistics Office of Georgia (Geostat) revealed on Wednesday.
The Georgian Government will increase assistance for socially vulnerable children from ₾100 ($32/€27) to ₾150 ($49/€44) starting in June, following an initiative by Prime Minister Irakli Garibashvili.
The Georgian Government will implement infrastructural and social support projects worth ₾968.5 million ($318mln/€294mln) in highland settlements of the country over the next three years, Prime Minister Irakli Garibashvili announced on Tuesday.
A total of 2,100 hectares of agricultural land will be cultivated free of charge in the country’s Black Sea region of Adjara this year, the local Government announced on Wednesday.
Georgia will host the second National Agrarian Olympiad this year to promote non-formal education and employment in the sector, the Agriculture Ministry announced on Friday.
A new report published by the World Bank on Tuesday said agriculture, water, and land in Georgia could be a source of “increased economic productivity,” including a transition from low agriculture returns to high-value crop production, if supported by targeted policies and complementary public and private investments.
A total of 188,000 individuals and legal entities have benefited from the state programme for the promotion of agricultural land owners, Georgia’s Rural Development Agency said on Friday.
A total of 6,651 preferential loans worth ₾104.3 million ($36.6mln/€36.4mln) have been issued in Georgia since March 22 for the production of annual crops by farmers, the country’s Rural Development Agency announced on Friday.