About 130 young entrepreneurs received loans with a low interest rate, provided under the program "Concessional lending to youth."

About 130 young entrepreneurs received loans with a low interest rate, provided under the program "Concessional lending to youth."

The program is initiated by the Ministry of Finance. According to the agency, over 10 months of the program’s activities, the amount of loans issued to young entrepreneurs from 28 regions of the country reached 85.3 million lei. Most of the beneficiaries invested the money received in the purchase of agricultural machinery, equipment for irrigation systems, mineral fertilizers, as well as for purchasing refrigerators, greenhouses, for purchasing planting material, seeds, connection to electric networks and water pipes, equipment for furniture production. Recall that the program was launched to support young entrepreneurs and create new jobs, considering the need to provide them with additional support by lowering interest rates on new loans provided by commercial banks. Thus, for loans provided under the program, the interest rate is reduced by at least 2 percentage points compared to the annual base interest rate. Additional resources in the amount of about 230 million lei are available to support young people under the program's credit line. //06.12.2019 - InfoMarket.

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