Component C of RED-NEO Program aims to bond the results of Components A and B, and give program beneficiaries upgrade their production with hard investment and escalate business growth.
The conditions and limitations of getting a small grant within the frames of RED-NEO program is presented below:
– The grants will be disbursed in 60 communities of 10 regions of Armenia.
– Overall 100 small grants will be provided, which will be selected out of 3000 projecttrained participants.
– The grants will be provided in kind only.
– The own investment of beneficiary will comprise at least 70% of total budget ofproposed small grant project.
– The maximum amount of small grant cannot exceed USD 15,000.
– The small grant does not cover working capital (salaries, inputs, utility expenses), as well as taxes, construction works, in apiculture – acquisition of beehives.
In the process of small grant beneficiary selection, a priority will be given to entities which:
– have substantiate expertise in the field
– report high feasibility rate for the proposed project
– ensure increased incomes at their businesses and for the ones they cooperate with
– ensure increased sources of incomes for their businesses and the ones they cooperate with other farmers
– will create new jobs and/or increase employment rates
– will involve women and youth in their operations
– will enhance market system development, horizontal and vertical integration in a givenvalue chain.
For example, if you are a fruit processor and you want to apply for SG for acquisition ofequipment, and thus to increase your production and marketing volumes, then yourapplication will be prioritized if you plan to collect additional fruits from other farmers,or market their produce creating new income opportunities for the latter.