Government Supports Small and Medium-Sized Enterprises with Investment Financing
The Ministry of Industry, Mines, and Energy has given the green light for the state to support the difference between the interest rates applied to investment financing for 7 Small and Medium-Sized Enterprises (SMEs) and the average market monetary rate, up to a limit of 3%. The investment envelope concerned amounts to 16,800 MTND, generating 185 jobs.
Out of the 20 companies that submitted files, 16 were for new creations and 4 for extensions. The overall employment capacity is 390 jobs with financing of 36,800 MTND. The remaining 9 enterprises will be examined during a future session.
Since the launch of this mechanism, the ministry has received 240 requests, transferred by credit institutions. Agreements have been granted to 167 companies employing 8,655 people, with a total investment value of 223 MTND.
As a reminder, this mechanism concerns credits obtained from banks and leasing companies between January 2019 and December 2024, provided that the margin applied by banks does not exceed 350 basis points. The concerned sectors are agriculture and other productive sectors, excluding commerce, finance, real estate, and hydrocarbons and mining. It would be interesting for the state to consider renewing this mechanism and even revising its conditions to increase the number of eligible companies. This is crucial for SMEs under financial strain.
