Source: eKapija | Sunday, 30.08.2020.| 11:07
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Development Fund Approves 72 Credits Worth RSD 407 Million in Total

(Photo: eivanov/shutterstock.com)
The Development Fund of the Republic of Serbia has approved 72 loan requests worth a total of RSD 407,1 million, the fund says on its website.

At the session held on August 20, the fund's Management Board approved nine loans of RSD 188.9 million and grants of RSD 47 million as investment credits for legal entities and enterprises under the Program of Boosting Enterprise Development through Developmental Projects.

As said, through the credit line for liquidity, that is, financial support in the conditions caused by the Covid-19 pandemic, 44 loans of RSD 149.5 million were approved for legal entities and enterprises.

Also, 11 loans of RSD 56.4 million were approved to business entities in tourism, hospitality and passenger transport, as support to liquidity in the Covid-19 conditions.

Approval was also given for eight startup credits under the Program of Boosting Enterprise Development through Financial Support to Beginners in Business.

With a total of RSD 12.2 million in credits, they will also get RSD 6.3 million in grants, the fund says on its website.
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