ANNOUNCEMENT 16 Apr 2020
On 16 April, the Government announced a program of interest rate subsidisation for the Serbian farmers.
NUMBER OF INTERVENTIONS
Government of Serbia, Regulation on financial support to agricultural holdings through facilitated access to credit in difficult economic conditions due to SARS-CoV-2 virus COVID-19 N57 / 2020-3 dated 16 April 2020 (УРЕДБУ o финансијскoj подршци пољопривредним газдинствима кроз олакшан приступ коришћењу кредита у отежаним економским условима услед болести COVID-19 изазване вирусом SARS-CoV-2), http://www.pravno-informacioni-sistem.rs/SlGlasnikPortal/eli/rep/sgrs/vlada/uredba/2020/57/1/reg
On 16 April 2020, the Serbian government announced a 1.45 billion dinar (approximately $13 million US dollars) program of interest rate subsidies to the Serbian farmers. Both plant growers and animal farmers are eligible. The loans are to cover investment costs and are disbursed in the framework of the government's plan of economic action to mitigate the negative consequences of the COVID-19 pandemic. The interest rate charged depends on the type of the farm, and averages around 4.3%.