Vojvodina Development Fund grants RSD 500 million for cross-border cooperation and lending to SME's

The Development Fund of AP Vojvodina has invited applications for loans and grants totaling RSD 500 million. Applications are invited from small and medium-sized enterprises for long-term loans for working capital and from municipalities for loans for IPA cross-border cooperation projects.

Vojvodina Prime Minister Bojan Pajtic stressed that loans would be granted under very favorable terms, with an annual interest rate of 3 percent on loans secured with a guarantee and an interest rate of 4 percent on loans secured with a mortgage.