A total of RSD 100 m for projects - New loans of Developmental Fund of Vojvodina

The Developmental Fund of Vojvodina is releasing competition for short-term loans, co-funded by EU. Total loan amount is 100 RSD m, a and maximal amount per user is RSD 30 m, the president of the Provincial government, Bojan Pajtic, said. New competition for short-term loans, for pre-financing of projects co-funded by EU and bilateral donors, will be open on Monday, December 8, 2014, it was published at the website of the Provincial government.

- Interest rates are extremely favorable and range from 2,8 to 4% annually, depending on the assets. Participants can be both non-governmental organizations and citizens’ associations and legal entities, entrepreneurs , as well as local self-governance units, public companies, institutions whose founder is the Autonomous province of Vojvodina, municipality or a town from Vojvodina – president of the Provincial government said.

President Pajtic said the competition is particularly important since it will enable loan users to use funds within EU projects and thus acquire knowledge and experience which will enable them strengthen their administrative capacity and get more EU programs funds in the next years.

President of the Provincial government reminded that out of total IPA program funds, EU funds for Serbia, more than 80% has been used in Vojvodina, it was added at vojvodina.gov.rs.