State support for small and medium-sized businesses will exceed Br11 million in 2024

State support for small and medium-sized businesses will exceed Br11 million in 2024.

Last year, the assistance amounted to more than Br4 million. About 40 businesses used the financial support of the fund then. Next year, the amount will exceed Br11.5 million.

The specialized fund announced that from October 1, they will help not only small, but also medium-sized businesses.

The basis of financial support is loans and leasing. In the first case, they provide up to Br1 million for up to 5 years, while from October 1 - up to 10 years at a rate of 4.75 % per annum to the refinancing rate of the National Bank. The amount depends, among other things, on the number of jobs to be created.