At a special event to be held on Tuesday, November 22, at the headquarters of the Hellenic Development Bank, in the presence of the Ministers of Development and Investment and of Rural Development and Food, Adonis Georgiadis and Giorgos Georgantas, respectively, along with the CEO of the Hellenic Development Bank (HDB), Athina Hatzipetrou, the «Small Loans Fund for Agricultural Entrepreneurship» will officially be launched.
The fund’s objective is to provide co-financed investment loans on favorable terms to small and medium-sized enterprises operating in the agricultural sector and in the processing of agricultural products.
The total resources to be allocated for the financing and operation of the Fund amount to 21,500,000 euros, drawn from the European Union’s Recovery Facility.
Of this amount, 15 million euros will be allocated to provide funding for the measure concerning investments in agricultural holdings (Action 4.1.4), and the remaining 6.5 million euros will be used to fund actions for investments in the processing and marketing of agricultural products, where the final product is also agricultural (Action 4.2.4).
The total amount will be transferred to the Fund’s account in four equal installments, provided that specific, predetermined percentages for loan disbursements have been committed.
