Development Fund approves new loans for businessmen

(Photo: Andrey_Popov/shutterstock.com)

The loans were approved in line with the program of supporting the development of entrepreneurship through the financial support to beginners in business, which is being realized to the end of systematic support to the sector of micro and small enterprises and entrepreneurs, and is one of the 33 programs with the Government of Serbia’s Year of Entrepreneurship.

The program is being carried out by the Ministry of Economy in cooperation with the Development Fund of Serbia, and the support entails the combination of 30% grants and 70% Development Fund’s loans.

The Managing Board of the Fund will, in the period to follow, once a month, consider all the requests submitted as part of the program.

The Managing Board of the Development Fund has approved another 26 favorable loans in line with its own programs within the Year of Entrepreneurship. The loans are meant for supporting investments, procuring permanent working assets and maintaining the current liquidity. All information pertaining to the approved loan requests have been published on the Development Fund’s website.