The Ministry of Agriculture, Food and the Environment (Magrama) has opened the call for grants for obtaining guarantees from the Sociedad Anónima Estatal de Caución Agraria (SAECA) by holders of agricultural holdings which guarantee loans to finance their enterprises.

In the extract of the call for these aids, published in the Official State Gazette (BOE) last June 18, 2016, this line of aids is aimed at the holders of agricultural holdings, including beekeeping holdings, and at associative entities which subscribe loans with financial entities guaranteed by SAECA.

The aids, which can be requested until September 20th, will consist in financing the total amount of the management fee of SAECA’s guarantee or of the study fee of that guarantee when the farms have subscribed an insurance of the Combined Agricultural Insurance Plan.

The maximum overall volume of this aid, in the form of guaranteed capital, will be 78.50 million euros, which may be increased to 100 million euros.