State Fund Agriculture paid 996 645 leva for 299 contracts concluded under the state aid scheme for co-financing of insurance premiums for agricultural products. A total of 371 applications amounting to a total of 1,822,427 leva were submitted during the admission period. The deadline for the submission of insurance policies in the Departments "Implementation of Support Schemes and Measures" (SPMP) of the Regional Directorates of the SFA is 29 September. The deadline for the conclusion of the contracts with the Fund and the disbursement of the funds is 15 December 2017.
The purpose of the aid is to encourage small and medium-sized enterprises, farmers who grow fruit, vegetables, essential oil crops and tobacco for voluntary insurance of agricultural products against natural disasters and other adverse climatic events, partly offsetting the costs of concluding insurance policy.