New financial support for small and medium-sized enterprises

The Government of Serbia has adopted four programmes of financial support for small and medium-sized enterprises, for which two billion dinars have been allocated.

Minister of Economy Andjelka Atanaskovic says that the programme will fund the purchase of equipment, boosting entrepreneurship through development projects, as well as provide other types of support for start-ups and young and female entrepreneurs, for which public calls for tenders are expected in early February.

According to her, most of the money, 1.55 billion dinars, has been set aside for the purchase of equipment, of which the non-refundable portion is up to 25% of the funds, 70% comes from a bank loan or leasing company while 5% of the funds are provided by the company itself.

A public call for partner banks and leasing companies to provide co-financing under the auspices of this programme is scheduled for early February, after which public calls for grants for micro, small and medium-sized enterprises, entrepreneurs and cooperatives will be launched.

150 million dinars have been set aside to help beginners in business, while the Ministry of Economy co-finances 30 or 40 per cent of the total investment for businesses in underdeveloped local units with non-repayable funds; the rest is obtained from a loan from the Development Fund.

Atanasković says that 200 million dinars have been provided for boosting entrepreneurship through development projects.

“This is a combination of non-repayable funds that constitute up to 20, 30% of investments for companies that belong to the fourth development group and a favourable loan granted by the Development Fund,” the Economy Minister adds.

For the first time this year, there will be a programme to support women and young entrepreneurs who are new to business.

“For this program, aimed at women and young people up to 30 years of age, 100 million dinars have been allocated,” the Minister concluded.

(Politika, 21.01.2021)


This post is also available in: Italiano

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