Compensation of the Guarantee for Agricultural Operators
Facilitating access for rural operators to loans from financial institutions for investment projects.
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?
Rural operators who have registered their own agricultural holding and are implementing:
- investment projects for primary agricultural production, for the processing of agricultural products, where the processing of the agricultural product also produces an agricultural product or a non-agricultural product, and/or for the marketing of agricultural products;
- investment projects falling under group 01.6 'Agricultural services and crop processing activities' of the Classification of Economic Activities (EVQR Rev. 2), approved by Order No DĮ-226 of 31 October 2007 of the Director-General of the Statistical Department under the Government of the Republic of Lithuania 'On the approval of the Classification of Economic Activities'.
Which forms of financing are covered?
Compensation is granted for investment loans.
For investment projects other than primary agricultural production, processing of agricultural products and/or marketing of agricultural products, the guarantee premium is reimbursed if the project costs are earmarked:
- for investment in tangible assets: expenditure relating to investment in land, buildings, machinery, plant and equipment;
- for investments in intangible assets, expenditure relating to assets which are not physical or financial, such as patent rights, licences, know-how or other intellectual assets, provided that the requirements are met:
- used exclusively by the recipient enterprise;
- considered as depreciable assets;
- acquired on market terms from third parties not related to the buyer;
- has been included in the assets of the undertaking for at least three years.
For investment projects intended for the pursuit of other activities, investments must consist of investments in tangible and/or intangible assets related to:
- the creation of a new enterprise,
- the expansion of an existing enterprise,
- diversification of the undertaking's production, where the undertaking starts to produce new complementary products,
- a fundamental change in the overall production process of an existing enterprise.
Amount and duration
To be provided:
- 75 % of the guarantee remuneration for rural operators and their investment projects for primary agricultural production, for the processing of agricultural products, where the processing of the agricultural product also produces an agricultural product or a non-agricultural product, and/or for the marketing of agricultural products;.
- 30 % of the guarantee remuneration for rural operators and their investment projects for activities falling undergroup 01.6 'Agricultural service activities and processing of crops'of the Economic ActivityClassification (NACE Rev. 2);
Limits on aid intensities and amounts of State aid per investment project and provisions on cumulation apply.
Where to apply?
Please contact one of the ILTE funding partners with whom you have signed a funding agreement.
You do not need to contact ILTE - our funding partner does.