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Loan guarantees for equipment for renewables and efficiency

Published

April 29, 2015

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Published:

April 29, 2015

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Guarantee Fund of Autonomous Province of Vojvodina said it started a new line for the approval of long-term loans for energy-efficient equipment as well as gear for the use of renewable sources.

The guarantee potential is RSD 200 million (EUR 1.66 million), with a possibility of expansion. The programme was supported by five banks. Loans can be used by micro, small and medium enterprises, entrepreneurs and owners of registered farms from Vojvodina. The loans are worth up to EUR 250,000 for a maximum period of seven years.

Farmers and entrepreneurs can buy the most advanced machines which use a minimum of energy, and the gain doubles because they will have smaller expenses while the use of these energy sources takes the load off state infrastructure, claims Goran Vasić, the Guarantee Fund’s director, adding the loans are favourable.

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