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Compensation of Interest on Loans and Credit Lines for the Financing of Working Capital or Acquisition of Biological Assets

Part of the interest on short-term and biological assets is reimbursed.

It is a translation. Due to possible different interpretations because of differences in the languages, the Lithuanian approved legal act should be applied.

Who can apply?

You can apply for interest compensation by:

  • a natural or legal person engaged in an economic and/or commercial activity in a rural area and engaged in the primary production of agricultural products;
  • agricultural cooperative societies (cooperatives) engaged in the processing and/or marketing of agricultural products.

Which forms of financing are covered?

Interest reimbursement:

  • paid under only one loan or factoring contract;
  • paid under an amendment to a loan or factoring contract concluded from 1 July 2021.

Amount and duration

80 % of the interest paid to financial institutions for a maximum period of 2 years from the date of signature of the loan and/or line of credit agreement.

The amount of the reimbursement is paid quarterly.

The annual interest rate on which the aid is calculated may not exceed 4 %.

The total amount of deminimis aid in any period of 3 financial years may not exceed:

  • EUR 25 000 per primary producer,
  • EUR 300 000 per agricultural cooperative society (cooperative) .

Where to apply?

Please contact one of the ILTE funding partners with whom you have signed a funding agreement.

You don't need to contact ILTE - our funding partner does that.