Loans to Businesses in Rural Areas

Financial resources 

  • public resources in the amount of EUR 20 million (BGN 38.3 million);
  • additional resources from intermediary banks.

Goals of the instrument

  • support economic development of rural areas;
  • improve the competitiveness of the agricultural sector;
  • restore and strengthen the forestry sector;
  • promote social inclusion and support for sustainable development of small farms.

Final recipients

  • agricultural producers;
  • non-agricultural businesses in rural areas.

Type of financing

  • loans in EUR or in BGN at relaxed terms for investment purposes or for working capital;
  • stand-alone loans or credit topping up project grants already awarded;
  • up to EUR 1 million for farmers;
  • up to EUR 600 000 for other businesses in rural areas.

Source of the public resources

Rural Development Programme 2014 — 2020 co-financed from the European Agricultural Fund for Rural Development

Current status of the financial instrument: Selection of financial intermediaries.