National Programme for Rural Development 2014-2020. Sub-measure 6.4 Investments in the creation and development of non-agricultural activities

Financial Instrument

Title in original language: Programul National de Dezvoltare Rurala 2014-2020. Sub-masura 6.4 Investiti in crearea si dezvoltarea de activitati non-agricole
Country/ies: Romania
Category: With contents for the support of tourism
Implementation’s period of time: 2016-2020
Objectives and purpose:

The development and diversification of rural economy by supporting rural SMEs to engage into non-agricultural activities: services or small crafts. The purpose is to increase the revenue of the rural population, increase rural job opportunity, diversify the farmers’ economic activity and reduce the development gap between the rural and the urban areas.

Eligible applicants: Enterprises
Type of financial support: Grant
Percentage of co-financing: The grant can cover between 70% up to 90%
Form of financing: pre-financing in an amount of maximum 50% of the total eligible costs, upon constitution of a bank letter of guarantee of 100% of the requested pre-financing.

Beneficiaries have to be registered in the rural area at least as self-employed “PFA”, be micro or small enterprises and implement their financed activity in the rural area.

Details of application:

Upon calls.

Frame of the support:

financed by EC and national government

Special remarks:

The grant is awarded for a period of three years and it is considered to contribute to the maximum state-aid threshold of 200,000 euro / beneficiary for 3 fiscal years, if the beneficiary if a private entity.

Short assessment: The grant is a small one and the evaluation criteria is giving a premium to farmers that diversify towards non-agricultural activities and to the development of tourism infrastructure or activities in the municipalities with high tourism potential (according to the PATN).
Info on funding institution:

Ministry of Agriculture and Rural Development Bucuresti, B-dul Carol I, nr. 2-4, sector 3, codul postal 030163, oficiul postal 37;
Tel: 021-307.85.66
Fax: 021-307.86.06