Q:
A:
Dinkic delivers first 50 start up loan agreements
Belgrade,
25 May 2009
Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic today delivered the first 50 agreements on start up loans approved in 2009.
Author:
Tanjug
Dinkic said that in this year’s first tranche a total of 1,059 loans, to the amount of RSD 1.6 billion, have been approved, adding that their realisation will help to employ 3,300 new workers.
He announced that in the next few days the remaining agreements within the first tranche of start up loans will be signed at the Development Fund premises, voicing his expectation that 10,000 new jobs will be created in Serbia this year.
The Minister noted that another 2,000 applicants applied for these loans in May, adding that their applications will be looked at in the first half of June.
Dinkic stressed that by granting favourable loans for start ups without collateral and at the interest rate of only 1%, the state decided to encourage the SME sector, which turned out to be the most vital part of the Serbian economy.
He said that this year people of every age will be able to apply for start-up loans, as these loans are not only intended for the young but also for elderly people brave enough to start a new business.
Dinkic recalled that the programme for providing start-up loans started two years ago and has already resulted in 13,000 new jobs, stressing that 70% of people who start a new business successfully repay the loan.
The Development Fund Director Olivera Bozic said that by signing start up loan agreements, beginners will be able to realise their own business ideas if they are approved by the Development Fund.
She pointed out that start ups will considerably contribute to the development of the Serbian economy and the provision of new jobs.
In the past two years the Ministry of Economy and Regional Development, the SME Development Agency and the Development Fund approved 6,833 start-up loans, worth RSD 4.7 billion.
He announced that in the next few days the remaining agreements within the first tranche of start up loans will be signed at the Development Fund premises, voicing his expectation that 10,000 new jobs will be created in Serbia this year.
The Minister noted that another 2,000 applicants applied for these loans in May, adding that their applications will be looked at in the first half of June.
Dinkic stressed that by granting favourable loans for start ups without collateral and at the interest rate of only 1%, the state decided to encourage the SME sector, which turned out to be the most vital part of the Serbian economy.
He said that this year people of every age will be able to apply for start-up loans, as these loans are not only intended for the young but also for elderly people brave enough to start a new business.
Dinkic recalled that the programme for providing start-up loans started two years ago and has already resulted in 13,000 new jobs, stressing that 70% of people who start a new business successfully repay the loan.
The Development Fund Director Olivera Bozic said that by signing start up loan agreements, beginners will be able to realise their own business ideas if they are approved by the Development Fund.
She pointed out that start ups will considerably contribute to the development of the Serbian economy and the provision of new jobs.
In the past two years the Ministry of Economy and Regional Development, the SME Development Agency and the Development Fund approved 6,833 start-up loans, worth RSD 4.7 billion.
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