May 12 (SeeNews) - Serbia's state-run Development Fund has lent 1.9 billion dinars ($17 million/16 million euro) under its programme for providing liquidity to businesses affected by the coronavirus crisis that was launched three weeks ago, a government official said.
Interest in the programme is significant because the lending conditions are good, and the largest number of applicants are micro, small, and medium-sized enterprises from all over Serbia, Dragan Stevanovic, state secretary at the economy ministry, said in a press release on Monday.
The Development Fund started extending loans under the 24 billion dinars programme on April 22. The loans are available to companies that have not reduced their workforceby more than 10% since the introduction of the state of emergency by the Serbian government on March 15.
The loans have a repayment period of up to 36 months, including a grace period of up to 12 months, and carry an annual interest rate of 1%. The minimum loan amount for companies is 1 million dinars, while for entrepreneurs and cooperatives, it is 200,000 dinars.
(1 euro = 117.559 dinars)