Small producers of Moldova to be able to benefit from grants worth up to 500,000 lei

Chisinau, 24 July /MOLDPRES/ - The government today approved the programme on support of small producers. It stipulates that the small producers – enterprises with an annual turnover of up to 5 million lei and with up to nine employees – will receive non-refundable financing of 70 per cent from the value of the investment project at the most, but not more than 500,000 lei. The beneficiary’s contribution will account for at least 30 per cent of the project’s sum, the government’s communication department has reported.   

It is worth mentioning that those who do not have enough means for co-financing the project will be able to resort to crediting sources. In this case, the producers can benefit from a financial guarantee issued by the loan guaranteeing fund for the small- and medium-sized enterprises.

At the expense of the grants, entrepreneurs will be able to buy equipment, raw material and construction materials needed for the endowment and arrangement of the production space, franchises, solutions of digitalization and business development services. Besides the financing component, the programme also provides for activities of informing, promotion, monitoring and assessment.    

The small producers who have worked for at least 12 months can participate in the programme. Also, private people who just plan to start a business are eligible, if they can prove the activity for the last year and are registered as entrepreneurial entity in a period of one month after the date of projects’ approval.  

The programme will be launched in the third quarter of this year and will be implemented during 36 months, with an estimated budget of 20 million lei annually. The institution in charge of the programme’s carrying out is the Organization for Entrepreneurship Development, which is to work out the operational textbook for implementation, as well as guide for entrepreneurs.