BAKU, Azerbaijan, Sept.15
By Tamilla Mammadova – Trend:
The Micro Grants program will be launched in "Produce in Georgia" agency on October 5, the director of agency Mikheil Khidureli said, Trend reports via Georgian media.
The program’s budget is 40 million laris ($12.8 million), while beneficiaries can obtain a grant of about 30,000 laris ($9,666), Khidureli noted.
As he noted, this year the program will comprise no limitations in terms of locations and all regions, including Tbilisi will be involved in the process.
"The program will fund family guesthouses, automobile service centers, beauty salons, bakeries, and other directions. We will have very strict criteria. Two different experts will appraise each project. We will ensure strict monitoring”, Khidureli said.
According to him, if a beneficiary fails to implement a business plan and spend money aimlessly, all equipment and machinery will be expropriated.
“This year we will fund many projects. Many citizens will have the opportunity to participate in the program. Produce in Georgia agency will fund almost all fields. Our budget has increased to 0.5 million laris ($161,113),” Khidureli said.
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