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Cancellation of the interest on loans for youth
[Ennahar] The government has decided to cancel the interest on loans for young people wishing to establish small and medium enterprises (SMEs), through mechanisms for the support of youth employment. Banks will have to finance a hundred thousand records per year.The government also decided to lower the rate of personal involvement for young people wishing to start small businesses, as part of mechanisms to support the employment of young people or those of ANSEJ and ANGEM programs at 1% instead of 5% previously. The treasury will pay the interest rate of 1% and this, in order to encourage investment and strengthen the national economy. Statutory instruments to these new measures will be ready in the coming days. A presentation on the new measures will be presented to the government council by the Minister of Labour, Employment and Social Security. These measures tend to improve the modes of public support for youth involved in micro-credit. Posted by: Fred 2011-02-15 |
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