CBS assists 25 agribusinesses with applications for grants worth $ 2.37 million from national schemes

CBS’s SME team assisting agro processors from Berat, applying for grants to improve olive processing technology

June 5, 2014 - CBS SME Team completed a second phase support for financing to agribusinesses through the subsidy national scheme, AZHBR. Agribusinesses from various regions were supported through a specialized technical assistance with business plans grant applications and technology requirements consultancy.

Through the second phase support, CBS assisted 25 farmers and agribusinesses with complete grant applications. 7 of the total requests were made for agro machineries and improving farm efficiency, 10 for collection stores and refrigeration units, 2 for new dairy investments, 2 for olive processing technology, others for herbs and spices, aquaculture etc. The total amount of grant financing requested was $2.37 Million for a total of $5.16 Million investments, providing business growth, hiring approximately 90 new employees. The winners are expected to be announced within July 2014.