Grants for the economy - RSD 3.1 billion for equipment

The Ministry of Economy, in cooperation with the Development Agency of Serbia and with the support of the project "Serbia and the EU - Equipment for Economy" financed by the European Union, is awarding grants of around RSD 3.1 billion to micro and small companies, entrepreneurs and cooperatives.

The Ministry of Economy provided the amount of RSD 1.9 billion, and the European Union provided non-refundable funds and technical support for the implementation of the project in the total amount of EUR 11 million, the portal of the Entrepreneurship of the Government of Serbia states.

The program is being implemented by the Ministry of Economy in cooperation with the Development Agency of Serbia and selected commercial banks and leasing companies.

Business entities that meet the requirements of the Program and to which banks, and leasing companies involved in the implementation of the Program, conditionally approve a loan or financing may be entitled to co-financing up to 25% of the net value of equipment purchased.

The share of economic entities amounts to 5% of the total value of equipment, while the rest is provided from loans of commercial banks or financial leasing of leasing companies involved in the implementation of this Program.

Grant applications, together with other documentation and loan application or financial leasing, are submitted in person or electronically in one of the branches / affiliates of commercial banks and leasing companies participating in the implementation of this program.