Serbia stands by entrepreneurs under certain conditions

The loans will be approved for five years, with a grace period of one year and an interest rate of one percent with a guarantee.
Beginners in business can count on a non-refundable state aid in the amount of 30 percent of the investment, while those who go into entrepreneurial waters in the underdeveloped parts of Serbia will receive a subsidy of 40 percent of the value of the investment. This is envisaged by the Decree on determining the program for encouraging the development of entrepreneurship through financial support for business start-ups, which was adopted by the Government of Serbia.
They will be able to get the remaining money for starting a business through loans from the Development Fund. The loans will be approved for five years, with a grace period of one year and an interest rate of one percent with a bank guarantee or two percent with other collateral.
The terms of the loan are much more favorable than before, because apart from the longer repayment period, the interest is lower by half a percent, with a bank guarantee and one percent with other collateral. The budget has allocated 1.25 million euros for that.
For this aid program, which consists of non-refundable benefits (for which the state has determined 1.25 million euros) and favorable loans, only mature businessmen who plan to invest from 3 thousand euros to 50 thousand euros will be able to apply, and service activities are limited to 25 thousand euros. The money is intended for financial support to newly established entrepreneurs, micro and small companies that are registered with the Business Registers Agency at least two years earlier than the year of application.
Also, users whose founders were previously founders of at most one business entity, who was deleted from the register before the announcement of the public call or is still active, but the founder of the user transferred his founding rights to another person, who is not a person related to him, before announcing the public invitation.
The money can be used to purchase machinery and equipment and delivery vehicles used to transport own products and other means of transport involved in the production process (new or used, not older than five years). Then, for the ongoing maintenance of business or production space and for operating costs.
This aid is not intended for agricultural production, trade, organization of games of chance, production and sale of weapons and military equipment, for construction except for the production of construction products and finishing crafts in construction, for transport and traffic, financial services, marketing services, renting and self-service, except for tourism.
The Ministry of Economy will announce a public invitation, and the request for the allocation of non-refundable money is submitted at the same time as the request for a loan from the Development Fund, Srbija Danas reports.