Grants of up to 10 million lira will be provided to economic investment projects based on agriculture. Up to 50% of the total project value falls within the scope of support. Real and legal entities engaged in agriculture-based economic and rural economic infrastructure activities will receive grant support, with priority given to producer organizations, women, and young entrepreneurs. According to the notification on supporting agricultural investments within the framework of rural development incentives published in today’s Official Gazette, the project value eligible for grants in agricultural economic investments is determined as follows: 20 million TL for new facility applications, 18 million TL for completing partially implemented investments, and 16 million TL for capacity increase, technology renewal, or modernization applications. The minimum project value eligible for grants cannot be lower than 8 million TL. Applications below this limit will not be accepted. For rural economic infrastructure investment subjects, the maximum project value eligible for grants is 8 million TL, while the minimum is set at 100,000 TL.

GRANT OF 50% OF THE PROJECT

Within the framework of the notification, a grant of 50% of the project value will be provided. Investors are required to provide the contribution share equal to 50% of the project value, in-kind contributions, and the total amount of VAT from their own resources. As the grant portion of the project value is covered by public funds, the contribution share that investors are obliged to provide cannot benefit from public sources, except for the VAT exemption and interest-like support specified in this notification. Project applications can be submitted by both real and legal individuals. Companies and agricultural organizations established before the final application date can apply as legal entities. Individuals and legal entities other than those specified in the notification, as well as those conducting public duties, public employees, or teaching staff at state universities, are not eligible for grant support.

SUPPORTED AREAS

Thus, for micro, small, and medium-sized enterprises engaged in agricultural economic investment subjects, investments in processing, packaging, and storage of agricultural products, fixed investments for agricultural production, and investments in the use of renewable energy sources will be considered within the scope of grant support. Additionally, investments in aquaculture, cultivation in agricultural specialization industrial zones, processing, packaging, and storage of animal and plant-based fertilizers, and investment facilities will be considered under the grant support. For micro and small-scale enterprises in rural economic infrastructure investment subjects, infrastructure investments aimed at developing family business activities, beekeeping and bee products, information systems and education, handicrafts and value-added products, sericulture, aquaculture, machine fleet for agricultural organizations, and investments in medical and aromatic plant cultivation will be evaluated under the grant support. The application period for support will be announced through the implementation guide to be published by the Ministry of Agriculture and Forestry.