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New Enterprises Financed by Cheap Agricultural Loans Program

Published: September 4, 2013 | 11:41 am
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Which new enterprises have been financed through the Cheap Agricultural Loans program? According to a statement from the Agriculture Ministry’s Project Management Agency, 35 new enterprises have been established across the country, including the Kakheti, Samegrelo, Inner Kartli, Imereti and Samtskhe-Javakheti regions. The project manager Irakli Moistsrapishvili has told TV3 that the third component of the program has seen the financing of livestock farming, greenhouse farming and product processing units. According to him, some of these enterprises are still being built, while others are just starting to operate, and talks of their economic activity would be premature.
The third component of the Cheap Agricultural Loans program has financed new enterprises by loans totalling $5 500 000. The issuing of a further $5 million worth of loans, and establishing another 10 new enterprises in the process, is being planned.

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