Peleshi Forewarns Financial Support for Young Farmers
Albanian Daily News
Published January 30, 2018
The Minister of Agriculture and Rural Development, Niko Peleshi forewarns an increase by 25% of the financial support for farmers. This additional support is part of a national scheme drafted by the government, said Peleshi during a meeting with youths in Pogradec on Tuesday.
“We are on the verge of the approval of a national scheme for the financial support of agriculture, farming, fishing and agro-tourism. An increase of 25% for an age group of investors from 22 years to 35 years is foreseen in this new scheme.
The youths are urged to join forces establishing new agro-tourism structures benefiting from the state’s financial support. Of course, they will be asked to provide around 50% of the funds needed while subsidies up to ALL 20 Million will be given by the state.
The young investors may also take a loan through the Warranty Fund, supported by the government and European Bank for Reconstruction and Development (EBRD). Soft loans based on modest collaterals will be given from various banks part of this fund,” said Peleshi.