Loans for investments, including sustainable investments, into agricultural holdings

In the implementation of the measure according to the Strategic Plan for Lithuanian Agriculture and Rural Development 2023–2027, loans are given for:

• activities related to sustainable investments into agricultural holdings in order to promote sustainable production of agricultural products, supporting investments that contribute to climate change mitigation and adaptation, also to production of renewable energy and higher animal welfare standards. EUR 5 million of the strategic plan funds are going to be assigned for loans of this purpose, which consist of the funds of the European Agricultural Fund for Rural Development (EAFRD) and co-financing from the Republic of Lithuania. The budget of the measure will also be supplemented by selected financial intermediaries with their own private funds constituting at least 30 percent;
  
  
• activities related to investments into agricultural holdings, aimed at supporting modernisation of agricultural holdings, increasing the competitiveness of the agricultural sector, encouraging creation of agricultural products of higher added value, introducing innovations, new technologies, also supporting and digitalising sustainable production of agricultural products. EUR 30 million of the strategic plan funds are going to be assigned for loans of this purpose, which consist of the funds of the European Agricultural Fund for Rural Development (EAFRD) and co-financing from the Republic of Lithuania. The budget of the measure will also be supplemented by selected financial intermediaries with their own private funds constituting at least 30 percent.

Preferential loans can be used by:

• farmers who have registered a farm and an agricultural holding in their own name;
• legal entities or their group that have registered an agricultural holding and are engaged in agricultural activity and/or treatment and/or processing of agricultural products produced and/or grown in the holding(s) and their placement on the market;
• recognised agricultural cooperatives that purchase and sell agricultural products produced or grown only in the holdings of their members; or agricultural products bought from their members that are produced in their holdings; or grown agricultural products that they process or sell food and non-food products produced from them.
  
  

The measure is implemented in the whole territory of the Republic of Lithuania. Borrowers, registered in the Capital City Region*, can be given no more than 20 percent of the measure funds, the remaining 80 percent are reserved for the Middle and Western Lithuania Region.

*The Capital City Region consists of the Vilnius county municipalities; the Middle and Western Lithuania Region consists of Alytus, Kaunas, Klaipėda, Marijampolė, Panevėžys, Šiauliai, Tauragė, Telšiai, and Utena counties.

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