Guarantees for dedicated credits financing of investments by public beneficiaries of the National Rural Development Programme (PNDR)
Pursuant to Law no. 218/2005, the Rural Credit Guarantee Fund (FGCR) may provide guarantees in favour of banks and other financing institutions that have entered into Cooperation Agreements with the Fund, in order to secure the loans or other forms of financing they grant to the public beneficiaries of funds from the European Agricultural Fund for Rural Development (EAFRD) or to similar entities for implementing their investment projects funder under the PNDR.
The FGCR guarantee can cover up to 100 % of the financing amount.
The maximum value of the FGCR guarantee is EUR 2.5 million or the equivalent in RON.
The Fund has developed simplified guarantee provision mechanisms, so that obtaining the guarantee should not hinder the financing process.