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Government supports young entrepreneurs with credit line and housing initiative

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Serbian Deputy Prime Minister and Minister of Economy Adrijana Mesarović said that the state strongly supports young people and called on them to apply for various programs available to help them start or grow their businesses.

“There is a current credit line for young entrepreneurs, an initiative supported by President Aleksandar Vučić,” Mesarović explained.

In addition to subsidizing mortgage interest rates for young people purchasing their first homes, the Ministry of Economy has launched a program to help them establish their own businesses or strengthen existing ones.

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Mesarović reminded that the Development Fund offers loans of up to 5 million dinars at a low annual interest rate of 1.5%. The repayment period can be up to 78 months, and the loans are available to people under 35 years of age.

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