JSC GEORGIAN ECONOMIC DEVELOPMENT CORPORATION
The program aims to support and develop micro, small, and medium-sized enterprises operating in Georgia.
FINANCING OPPORTUNITY
PROGRAM INDUSTRIES AND GRANT COMPONENT
Program industries: hotel industry / balneological resorts; tourism services; agro-tourism industry; eco-tourism industry.
Grant component:
- Green component – 15% of expenses, up to GEL 200,000
- Digitalization component – 50% of expenses, up to GEL 70,000
- Research and Development component – 15% of expenses, up to GEL 500,000
- Highland component – 10% of expenses, up to GEL 200,000
- Agro-tourism industry component – 15% of expenses, up to GEL 500,000
THE PROGRAM COVERS
- Business diagnostics
- Loan guarantee
- Interest rate subsidy
You can benefit from full interest subsidy for up to 5 years if you are:
- A female entrepreneur
- Your business activity is linked to a highland region
- A beneficiary of the “Sun Gate” program
- Starting a new business
ADDITIONALLY, THE OPPORTUNITY
EU4Business – EBRD – a credit program to support small and medium-sized businesses.
- Recover up to 10–15% of the loan amount under the EU4Business–EBRD credit line.
- Investments in fixed assets are financed under the program.
- The credit program is a joint initiative of the European Union and the European Bank for Reconstruction and Development.
FREQUENTLY ASKED QUESTIONS
Who is eligible to participate in the programme?
An individual entrepreneur or a company that owns agricultural land
How is up to 10–15% of the loan amount reimbursed under the EU4Business–EBRD credit line?
After successfully completing the project implementation verification procedure, the company will receive a grant of 10–15% of the loan amount, financed under the European Union’s EU4Business initiative.