MOSTAR, April 21 (FENA) - The FBiH Government adopted today the Program of spending current transfers determined by the FBiH Budget for 2022 to the FBiH Ministry of Development, Entrepreneurship and Crafts, in the amount of 7,870,000 KM, the Press Service of the FBiH Government announced.
This amount, as it is stated, will be paid to the beneficiaries as grants, which are distributed according to economic codes and projects determined in the Program, public tender and the Rulebook on procedures in the implementation of the Small Business Development Program.
The objectives of this program are to strengthen the competitiveness of small businesses through the development of business infrastructure, and especially through the technological modernization of their business processes, then the introduction of international quality standards, digital business transformation, circular economy and improving energy efficiency in line with the transition to green and digital economy.
For subsidies to private companies and entrepreneurs for regressing interest through the Guarantee Fund, the incentive funds will be remitted to loan beneficiaries under the Ministry's credit guarantee programs, automatically if they have duly settled their previous loan obligations.
(FENA) A. B.