Program to encourage the development of entrepreneurship through financial support for business beginners in 2021

The program to encourage the development of entrepreneurship through financial support for business beginners in 2021 (hereinafter: the Program) is implemented by the Ministry of Economy (hereinafter: the Ministry) in cooperation with the Development Fund of the Republic of Serbia (hereinafter: the Fund).

Entrepreneurs, micro and small businesses, who have been registered in the Agency for Business Registers for at least two years in relation to the year of application submission, 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 that are classified in the fourth group of development in accordance with Article 12 of the Law on Regional Development and the act of the Government establishing a unique list of the development of regions and local self-government units. 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 there is a grace period of up to one year, and an interest rate of 1% per year with a bank guarantee or 2% per year with other means of security, with the application of the currency clause. subjects.

Investments that can be financed within this Program include:
- current maintenance of business or production premises up to the amount of 350,000.00 dinars;
- purchase of machines and equipment and delivery vehicles used to transport own products and other means of transport included in the production process (new or used, not older than five years);
- operational costs, which can participate up to 20% in the structure of the total investment.
Founders of business entities, who apply for funds under the Program, can contact accredited regional development agencies to undergo free training for starting a business and to be provided with advisory and technical assistance in connection with applying under the Program, which is provided by the aforementioned agencies under the Program of Standardized Set of Services for SMEs.

Precisely and correctly completed Unified application for start-up credit and grants with accompanying documentation in accordance with the Program, submitted to the Fund at the following addresses: Bulevar Nemanjića 14a, Niš and Knez Mihailova 14, Belgrade.
The public call is open until the available funds are used up, and at the latest until 31.12.2021. year.
Competition documentation and complete information on all essential elements and rules for participation in this public call can be downloaded from the Ministry's website: www.privreda.gov.rs and Fund: www.fondzarazvoj.gov.rs.