The Ministry of Agriculture, Rural Development, and Environment informed the Cabinet during its session, on Wednesday, about the disbursement of funding exceeding pound 70 million for the development of the primary sector, nearly doubling the allocation of the two previous announcements due to high interest. According to a press release circulated by PIO, the Ministry of Agriculture, Rural Development, and Environment, in collaboration with the Cyprus Agricultural Payments Organization (CAPO), has re-announced two of the most significant investment measures of the Rural Development Program 2014-2020. These measures, says the press release, have a strong developmental character, with a particular emphasis on attracting young people to rural areas and the primary sector. The third call concerns Measure 4.1, “Investments in Agricultural and Livestock Farms,” with a declared amount of pound 31 million (announced from February 7, 2022, to September 5, 2022). Additionally, the second call is for Measure 6.1, “Support for the First Installation of New Farmers,” with a declared amount of pound 5 million (announced from February 7, 2022, to September 5, 2022). It is also noted that the examination of applications revealed a particularly high level of interest in participating in the two developmental measures. Specifically, for Measure 4.1, a total of 525 applications were submitted, corresponding to a combined amount of pound 60.7 million, while for Measure 6.1, 291 applications were submitted, totalling pound 10.2 million. “After examining all the relevant data, the Ministry of Agriculture, Rural Development, and Environment has decided to increase the funding allocations from the initial pound 36 million to pound 70 million. This decision aims to approve all eligible applications, meaning those applications that meet the requirements and participation criteria,” the statement reads.
Source: Cyprus News Agency