USAID announces grant program to compensate 30% of cost of grain handling equipment

USAID's Economic Resilience Activity in Ukraine announced the launch of a grant program to compensate at least 20 Ukrainian agricultural logistics companies for 30% of the cost of grain handling equipment from Kobzarenko Plant LLC, the donor organization's press service said on Facebook.

"USAID's support program for Ukrainian agricultural companies stipulates that the enterprise purchases equipment from the manufacturer for 70% of its cost, and the USAID Project compensates 30%. It is expected that such business support will increase grain export and handling capacity by 2.5 million tonnes per year," the USAID said.

Micro, small and medium enterprises whose annual income does not exceed the equivalent of EUR 40 million can purchase equipment with a 30% discount.

This program is not available to agroholdings and companies that have already received assistance from USAID or will receive it in the near future, the donor organization said.

As part of the support program, companies can purchase equipment that will help improve the efficiency of grain handling processes at all key nodes of the export route, namely: a mobile wagon unloader RVM-180, a ground-based reloading bin BNP-12 Kovcheh, an electric belt loader SN-25.

The USAID project expressed its willingness to compensate 30% of the cost for 51 units of equipment from Kobzarenko Plant.

Source: The Interfax