Invitations for Three Programs of Support to Micro, Small and Medium Enterprises and Entrepreneurs Opened

The Ministry of Economy has opened public invitations for three programs of support to micro, small and medium enterprises and entrepreneurs, for which a total of RSD 450 million has been set aside this year.

Public invitations for the Program of Inciting the Development of Entrepreneurship through Financial Support for Women Entrepreneurs and the Young, the Program of Inciting the Development of Entrepreneurship through Financial Support for Beginners in Business and the Program of Inciting Entrepreneurship through Developmental Projects have been opened.

The programs are carried out by the Ministry of Economy and the Development Fund and they are a combination of grants and favorable credits from the fund.

The ministry has set aside RSD 100 million in grants for the program of support to women entrepreneurs and young entrepreneurs who are beginners in business, to be carried out for the first time this year.

When it comes to beginners in business, grants of RSD 150 million have been set aside, and as for the program of inciting entrepreneurship through developmental projects, RSD 200 million in grants has been set aside.

The remaining amount of investments of business entities is to be financed from the credit of the Development Fund.

The public invitations are open until the available funds are spent and no later than December 31, 2021.

All the information and the necessary documentation can be found on the websites of the Ministry of Economy and the Development Fund.