State Fund Agriculture to allocate BGN 20.3 mln for micro-enterprises and non-agricultural activities

The State Fund Agriculture is currently working on 71 new projects under the measures for setting up of micro-enterprises and for diversification aimed at non-agricultural activities, while the approved subsidies amount to more than BGN 20.3 mln, announced the Agriculture Ministry. The funds will be granted for a viriety of activities such as the construction of swimming pools and the purchase of jacuzzis for family hotels, the construction of a veterinary clinic with pet shop, the opening of a repair shop for agricultural machinery and for the construction of bakery. Officials from the State Fund Agriculture poined out that almost every month the Specialised Commission approved investment projects under the Rural Development Programme related to the encouragement of rural tourism and "green investments" or to the development of alternative business in small towns and villages. The subsidy for each candidate comes up to 70% of the approved costs, but not higher than the lev equivalent of €200, 000. The financial aid for projects, targeted at the production and sale of energy generated by renewable energy sources, is up to 80% of the approved costs, but no more than €200, 000.

The projects, approved at the last meeting of the State Fund Agriculture, will be also granted gratuitous financial aid. They project the construction and furnishing of family hotels as well as the purchase of bicycles necessary for development of mountain tourism, etc. In one of the guest houses, a facility for wine tasting will be built, while another candidate plans to deliver and install a sunken biological treatment plant. Sports facilities with 14 beds and 60 seats for eating will also be built under the Programme

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