The young people from rural areas who want to start businesses in agriculture will benefit from training and grants within the financing agreement of the Inclusive Rural Economic and Climate Resilience Program between Moldova and Denmark, through the International Fund for Agricultural Development (IFAD).  The Government is to submit this agreement to Parliament for ratification, IPN reports.

The total value of the agreement is US$5.27 million, which will be offered to Moldova as a grant. The young people will benefit from non-reimbursable financing, consultancy when drawing up business plans and training in the post-financing period. The financing will represent 40% of the necessary sum, but will not exceed 120,000 lei per investment project.

It is planned to finance about 400 investment projects for young entrepreneurs and to create over 600 new jobs. Also, about 260 young entrepreneurs will receive assistance in working out business plans, while over 800 will be trained to start and manage businesses. This will contribute to reducing the migration of the rural population and to increasing revenues from rural businesses and the budget incomes.