Measures to support entrepreneurs

Published: 11.03.2020 Related countries:  India India

Govt approves COVID credit program worth CZK 600m

 

 

 

 

Prime Minister Andrej Babiš’s (ANO) government approved on

 

March 9, 2020, measures to support entrepreneurs affected by the

 

spread of coronavirus. Specifically, it is the COVID loan program in

 

the amount of CZK 600m. Minister of Industry and Trade Karel

 

Havlíček (for ANO) said that small and medium-sized enterprises

 

will be able to apply for a loan in the range of CZK 0.5 to 15m with

 

a zero interest rate and a one-year postponement of instalments

 

from the Czech-Moravian Guarantee and Development Bank. Firms

 

demonstrably financially disadvantaged due to the spread of the

 

coronavirus will be eligible for the advantageous loan from April 1,

 

 

 

2020.

Source: www.cianew.cz

Zpracoval kolektiv pracovníků zahraniční kanceláře CzechTrade Bangalore.