Program to encourage the development of entrepreneurship through financial support for women entrepreneurs and young people in 2021

The program to encourage the development of entrepreneurship through financial support for women entrepreneurs and young people 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 business companies, which have been registered in the Agency for Business Registers for at least five years in relation to the year of submission of the application, have the right to apply for the Public Invitation, and whose:
-founder and legal representative is a woman. In a business entity that has several owners, the majority share must be owned by one or more women (minimum 51%) and one of the legal representatives must be a woman;
- founder and legal representative a natural person under the age of 30. In a business entity that has several owners, the majority share must be owned by one or more natural persons under the age of 30 (minimum 51%) and one of the legal representatives must be a natural person under the age of 30.

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 35% of the investment value, i.e. up to 45% of the investment value for economic entities that belong to local self-government units 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 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 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. subjects.
Investments that can be financed within this Program include:
- purchase of equipment/vehicles (new or used, not older than five years);
- ongoing maintenance of business or production space up to the amount of 350,000.00 dinars;
- operational costs, which can participate up to 20% in the structure of the total investment.
Founders of economic entities, who apply for funds under the Program, can contact accredited regional development agencies in order to undergo free training for starting a business and to be provided with advisory and technical assistance in connection with applying for the Program, provided by the aforementioned agencies under the Program of Standardized Set of Services for SMEs. loan and grant funds with accompanying documentation in accordance with the Program, are 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 no later than 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.