Compensation for the Guarantee Payment to those Who Take a Loan for Investments

Rural operators who have taken out a loan with an ILTE guarantee for investment projects for:

• primary agricultural production (primary production is the production, breeding or rearing of primary products, including harvesting, milking and rearing of livestock until slaughter, and also includes hunting, fishing and the cultivation of wild products),
• processing of agricultural products, where the processing of an agricultural product also produces an agricultural product or a non-agricultural product, and/or marketing of agricultural products,
• other activities falling under group 01.6 'Agricultural services and processing of crops' of the Classification of Economic Activities (Rev. 2 of the Economic Activity Classification), approved by Order No DĮ-226 of the Director General of the Statistical Department under the Government of the Republic of Lithuania No DĮ-226 of 31 October 2007 'On the approval of the Classification of Economic Activities'.

Operators must have registered their agricultural holding in the Register of Agriculture and Rural Business of the Republic of Lithuania in accordance with the procedure laid down by law.

Compensation is granted for investment loans.

Compensation:

• 75 % of the guarantee premiumfor rural operators taking out individually guaranteed loans from financial institutions for investment projects in primary agricultural production, processing of agricultural products where the processing of the agricultural product also produces an agricultural product or a non-agricultural product and/or marketing of agricultural products;
• 30 % of the guarantee premiumfor rural operators taking out individually guaranteed loans from financial institutions for investment projects for activities other than primary agricultural production, processing of agricultural products and/or marketing of agricultural products falling within the scope of the classification of economic activities in the Classification of Economic Activities (NACE Rev. Group 01.6 'Agricultural services and crop processing activities'.

The operators pay only the non-reimbursable part of the guarantee.

The total amount ofde minimis aid granted to any one rural entity in any 3 financial years may not exceed:

• EUR 20 000for investments in primary production of agricultural products;
• EUR 100 000 for road haulage activities for hire or reward;
• EUR 200 000 for investments in other activities.

Contact one of ILTE's financing partners with whom you have signed a financing agreement.

You do not need to contact ILTE - our funding partner does.