Grant Support for Rural Development Investments

grant support will be provided for rural development investments
Photo: Ministry of Agriculture and Forestry

Support will be given to rural economic infrastructure investments and agricultural investments based on grants, up to 50 percent of the grant-based project upper limit.


“The President's Decision on Supporting Agricultural Economic Investments and Rural Economic Infrastructure Investments in the Rural Development Supports” was published in the Official Gazette.

In the period between January 1, 2021 and December 31, 2025, real and legal entities, primarily for export-oriented investments and producer organizations, women and young entrepreneurs, in order to ensure economic, social and infrastructural development in rural areas, increase agricultural and non-agricultural employment, increase and differentiate income. Issues regarding the grant payments to be made for the investments of individuals on agricultural economic and rural economic infrastructure activities were regulated.

INVESTMENT TOPICS

Accordingly, within the scope of agricultural economic investments, those for the processing of agricultural products, fixed investments for agricultural production, facilities producing renewable energy sources from geothermal and biogas, or plants producing unlicensed electricity from solar and wind energy, to be used to meet the energy needs of the facilities covered by the decision. It will be supported. Investments for aquaculture and fertilizer processing of animal and vegetable origin will also be supported.

Within the scope of rural economic infrastructure investment issues, infrastructure systems for the development of family business activities, investments for beekeeping and bee products, information systems and education, handicrafts and value added products, silkworm breeding, aquaculture, machinery for agricultural cooperatives and associations. and medicinal and aromatic plant growing will be within the scope of support.

The new investment topics will need to be new, partly made for completing investments, capacity building, modernization or technology renewal.

SUPPORT RATE

Support will be provided to rural economic infrastructure investments and agricultural based investments, through grants up to 50 percent of the project's base limit.

The funds required for the payments to be made within the scope of the decision will be covered from the appropriations allocated by the budget law of the relevant fiscal year and will be paid through Ziraat Bank. The bank will be given a service commission of 0,2 percent of the cash payment made on the implementation of the decision.

The decision will come into force on January 1, 2021.


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