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Fasonet/ The fund of 4 billion lek is allocated, it covers 70 percent for obtaining loans from banks

2024-04-10 10:24:44Biznes SHKRUAR NGA REDAKSIA VOX

Fasonet/ The fund of 4 billion lek is allocated, it covers 70 percent for

At the next meeting, the Council of Ministers approved the details of the state guarantee for the processing industry sector, where the allocation of the fund of 4 billion lek was foreseen for this guarantee.

Meanwhile, the value of Grancasia of 4 billion ALL covers up to 70% of the loans from the banking system, with a margin of no more than 1.5% above the base rate.

But the instrument of the state guarantee enables businesses of the processing industry financial support through lending with facilitating conditions, in order to make investments for the further automation of production lines, as well as the availability of liquidity for the purchase of raw materials

According to the decision, the repayment term is foreseen up to 7 years for loans for investment and up to 3 years for loans for the purchase of raw materials.

What is emphasized is that the State Guarantee Instrument will be implemented through agreements that will be related to commercial banks operating in the banking system, where businesses in the processing industry sector will have the opportunity until the end of October 2024 to apply to them for loans with favorable conditions, while the final deadline for concluding loan contracts has been set until the end of this year.

The State Guarantee and financial support for businesses in this sector aims to support the improvement and updating of technological processes, as well as increasing the level of productivity and competitiveness of these businesses.


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