Q:
A:
Development Fund to provide soft loans
Belgrade,
29 December 2012
Minister of Regional Development and Local Self-Government Verica Kalanovic announced today that in 2013 the Serbian Development Fund will approve credit support to the Serbian economy worth approximately RSD 12 billion.
Verica Kalanovic and Sladjana Backovic
Presenting the fund’s working plan for 2013, Kalanovic said that the businessmen can expect lower interest rates and longer loan repayment periods.
She pointed out that the fund’s programmes for the next year are aimed at development and that the total amount of the credit support is at a level similar to that of 2012, but with reduction of interest rates by 0.5% for investment loans, a grace period of one year and extended repayment period for one year, to seven years.
The Minister said that RSD 4.5 billion will be set aside for underdeveloped areas and that these loans are most favourable loans that the fund sets aside for this purpose, and noted that they will also have lower interest rates, extended repayment period to seven years, with a grace period of one year.
Loans for liquidity will also be granted under more favourable conditions and with much lower interest rates, which applies to loans for entrepreneurs, within which loans to women entrepreneurship and traditional crafts will be provided, as well as start-up loans for micro-businesses.
According to her, the interest rate for investment loans in 2013 will range from 2.5% to 4%, for liquidity loans from 2.8% to 4%, for loans for entrepreneurs from 2% to 3% (the loans for support to women entrepreneurship will have an interest rate between 1.5% and 2.5%), for old crafts and start-up loans the interest rate will be 2%, while interest rates for the loans to underdeveloped areas will range from 1% to 3%.
She pointed out that the fund’s programmes for the next year are aimed at development and that the total amount of the credit support is at a level similar to that of 2012, but with reduction of interest rates by 0.5% for investment loans, a grace period of one year and extended repayment period for one year, to seven years.
The Minister said that RSD 4.5 billion will be set aside for underdeveloped areas and that these loans are most favourable loans that the fund sets aside for this purpose, and noted that they will also have lower interest rates, extended repayment period to seven years, with a grace period of one year.
Loans for liquidity will also be granted under more favourable conditions and with much lower interest rates, which applies to loans for entrepreneurs, within which loans to women entrepreneurship and traditional crafts will be provided, as well as start-up loans for micro-businesses.
According to her, the interest rate for investment loans in 2013 will range from 2.5% to 4%, for liquidity loans from 2.8% to 4%, for loans for entrepreneurs from 2% to 3% (the loans for support to women entrepreneurship will have an interest rate between 1.5% and 2.5%), for old crafts and start-up loans the interest rate will be 2%, while interest rates for the loans to underdeveloped areas will range from 1% to 3%.
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