Young Moldovan entrepreneurs to benefit from more advantageous conditions in returning loans

19:53 | 15.06.2016 Category: Official

Chisinau, 15 June /MOLDPRES/ - The government at a today’s meeting ruled to extend the term of payment of the loan borrowed by young entrepreneurs through the National Programme for Youth Economic Empowerment. Thus, the deadline of payment on falling date was prolonged from 5 to 30 working days, the government’s communication and media relations department has reported.

Within the aforementioned programme, entrepreneurs can access financing up to 300,000 lei for a period of five years at the most, in order to develop business in rural regions. If the loan is returned without delay, 40 per cent of its value becomes non-refundable grant, without interest.

As much as 20.5 million lei was provided for in the 2016 state budget to back initiatives by young people from this programme.

(Editor L. Alcaza)

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