Young Moldovans from rural areas to receive grants to open businesses
18:42 | 11.03.2015 Category: Official
Chisinau, 11 March /MOLDPRES/ - Young people from rural areas willing to start business in agriculture will enjoy training and get non-refundable credits. The government approved a draft on the ratification of the Inclusive Rural Economic and Climate Resilience Programme between Moldova and Denmark, through the International Fund for Agricultural Development (IFAD), the government’s communication and media relations department has reported.
The total grant amounts to 5.27 million dollars. Young people will benefit from non-reimbursable loans, business plan development consulting, as well as training in the post-funding period. The non-refundable credit will account for 40 per cent of the total amount required, but will not exceed the figure of 120,000 lei per one investment project.
About 400 investment projects for young entrepreneurs are planned to be financed and more than 600 jobs - to be created. At the same time, approximately 260 young entrepreneurs will receive assistance in developing business plans and over 800 will be trained in launching and managing businesses. All this will help reduce the migration of rural population, increase the incomes from rural businesses and budget revenues.
(Editor A. Raileanu)
