Press releases
Government facilitates young people’s access to business finance programmes
Young people, who want to start or develop a business, can receive a grant or a loan with a portion of the grant. At today’s meeting, the Government approved amendments to the Youth Start: a sustainable business at homeimplemented by the Organisation for the Development of Small and Medium-sized Enterprises (ODSME).
Grants will be provided through the programme up to RON 200 thousand for young people looking to start a business. The State funding will constitute until 70 % of the value of the investment project, and young people will only contribute 30 %.
Another mechanism for young people is the Partial Grant Credit Programme. It will combine grant funding with advantageous lending resources through commercial banks and the External Assistance Project Management Office (OGPAE). The amount of the financial envelope will reach up to RON 1.7 million and will include the reimbursable loan portion of 85 % and the grant portion of 15 %.