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The credit line facility The Credit Facility to support Small and Medium Enterprises through Local Banking System and to sustain the local development through Local Public Utilities.

Banks Loans disbursed by the Local Banks (LBs) should finance investments, services, reparations, upgrading, and/or increase of circulating capital
Utilization The Credit Line Facility is utilized by SMEs and LPUs, through the selected local banks, for acquiring equipment, technology, and relevant technical assistance, maintenance, spare parts, industrial license.

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Programme

Credit Facility to support Small and Medium Enterprises through Local Banking System and to sustain the local development through Local Public Utilities 

Country

 Republic of Serbia

Donor

Italian Ministry of Foreign Affairs - Directorate General for Development Cooperation (MAE-DGCS)

Counterpart

Ministry of Finance of the Republic of Serbia
National Bank of Serbia

Implementing institution

Ministry of Finance of the Republic of Serbia
Embassy of Italy in Belgrade

Final beneficiaries

Micro, Small and Medium Enterprises (SMEs), regardless of the citizenship of the owner
Local Public Utilities (LPUs)

Project amount

€ 30.000.000,00 (soft loan)
€ 707.332,00 (grant component)

Overall objective

Contribute to the economic growth of Serbia through the promotion of private sector development and to widen trade relations with the European Union, as well as to ameliorate the local basic services supplied by the Local Public Utilities.

Specific objectives

  • Strengthen SMEs through increase in the accessibility of medium-term and long-term Credit Lines, offered by the Local Banks (LBs), and contribute to the competitiveness of SMEs on domestic and foreign markets.

  • Facilitate the acquisition of goods, equipment and plants to be utilized by the Serbian LPUs for provision of basic services to the local communities.

Expected results

  • Encourage economic growth of private sector and reinforce SMEs by allowing them easier access to the credit funds available through Local Banks.

  • Ameliorate the basic services of some Municipalities allowing the LPUs to use the Credit Line Facility for supplying of goods, equipment and plants.
 

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Request of Interest

Request for Expression of Interest for banks

Eligibility criteria

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