BULGARIA: Agricultural insurance co-financing scheme to receive extra funding

According to a recent decision of the Bulgarian State Fund Agriculture, the budget state aid scheme for agricultural insurance premiums co-financing will be increased by BGN 700,000 in 2018, to BGN 2.2 million (EUR 1.12 million), Novinite reports.

Thus, more farmers will be able to benefit from the financial support for disaster insurance of their fruit, vegetables, essential oil crops and tobacco. The maximum amount of funding a farmer can receive is up to 65% of the insurance premium, the fund says.

Applications for the scheme will be accepted until the resource is exhausted but no later than August 31, 2018. The farmers must submit their insurance policies to the regional directorates of the Agriculture State Fund until 28 September. The time limit for the conclusion of the contracts and the payment of the aid is 14 December 2018.

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