IT firms provided with loan with one-percent interest rate - Government of Serbia is providing RSD 200 m to SMEs for equipment procurement

The Government of Serbia has adopted regulation implying that the state will provide RSD 200 m to SMEs for procurement of equipment and loans to IT firms with an interest rate of one percent.

Owners of SMEs will be able to purchase equipment which totals RSD 10 m on loan whose part will be state-funded. The loan at a bank must total 70 percent of equipment value, the state provides 25 percent of value as a grant and the owner should provide stake of five percent.

The same day, the Government also adopted regulation where companies, operating in IT technologies will be able to get loans at an interest rate of 1%.

Entrepreneurs are provided with a loan of RSD 300.000 to 1,5 m, a legal entities with a million to three million. Maturity is four years with a one-year grace period.