The Ministry of Economy, in cooperation with the Development Fund of the Republic of Serbia, has announced a public call for the allocation of grants within the framework of:
Program to encourage the development of entrepreneurship through financial support for business beginners in 2019.
Entrepreneurs, micro and small businesses, which are registered in the Agency for Business Registers at the earliest in 2018, have the right to apply for the Public Call.
Business entities that meet the conditions of the Program can exercise the right to financial support in the form of grants in the amount of up to 30% of the investment value, i.e. up to 40% of the investment value for business entities that belong to local self-government units classified in the fourth development group. The remaining amount of the investment will be financed from the Fund's loan with a repayment period of up to 5 years, within which the grace period is up to one year, and the interest rate is 1% per year with a bank guarantee or 2% per year with other means of security, with the application of the currency clause.
Preference will be given to the requests of business entities whose founders have undergone free training for starting a business under the Standardized Set of Services Program for MSMEs, which is implemented through accredited regional development agencies.
The public call is open until the available funds are used up, and no later than 31.12.2019.
Competition documentation and complete information on all essential elements and rules for participation in this public call can be downloaded from the website of the Ministry: www.privreda.gov.rs and the Fund: www.fondzarazvoj.gov.rs.
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