State Fund "Agriculture" successfully completed processing of all 1372 projects submitted under Measure 141 “Supporting of semi-subsistence farms undergoing restructuring”.
The total value of approved subsidy is BGN 20, 1 million, as only for January experts have processed 487 applications with the approved subsidy of BGN 7, 1 million. Financial assistance for each beneficiary is at the amount of EUR 7,500 and it is given for a five year period during which beneficiaries must undertake strict commitments.
During the last week the State Agriculture Fund paid out some new BGN 7, 6 million under 10 measures of the Rural Development Programme for. Payments were transferred to beneficiaries, as most funds were received by municipalities. Under Measure "Basic services for the population and the rural economy" and "Renovation and development of settlements" were transferred grants worth BGN 3, 2 million. Subsidies under Measure 123 "Adding value to agricultural and forestry products”amounted to BGN 2, 5 million as BGN 1, 5 million were transferred to the beneficiaries of approved projects under Measure 121" Modernization of agricultural holdings" .
The remaining funds are paid to create farms for young farmers, to forestry measures, diversify into non-agricultural activities, technical assistance and providing advisory and consultation for agriculture sector in Bulgaria and Romania