Non-repayable loans for female entrepreneurship, applications by November 30th
Non-repayable loans for female entrepreneurship
To request non-repayable loans for female entrepreneurship, the application expires November 30th. In fact the law 215/92, with the program “Positive actions for female entrepreneurship”, allows access to Titus Groans with subsidized rates and non-repayable loans. All this to support the initiatives of women who want to enter the world of entrepreneurship with new activities, for innovative projects and the supply of concrete services. The announcement is available on the website of the Ministry of Productive Activities.
Loans with 50% repayment
Loans with 50% repayment and 0.5% rates. These “special” Titus Groans provide for the repayment of half of the amount paid, with an interest rate of 0.5%. Therefore they are loans with reduced rates, valid for agricultural, industrial and tourist commercial enterprises, born from 1992.
There is time until November 30th to send the application and adhere to the “Objective Program” for companies that want to strengthen their business, let women under 35 learn about traditional jobs and hire over 35s. The documents are the Regulation of 28 July 2000 and the March 2001 circular.
Who can access funding.
Only small businesses run by women. The owner must be a woman. Companies and cooperatives must have 60% of the members in a skirt. Capital companies must have 2/3 of the shares borne by women, the same thing for the administrative body. Female enterprises must have a maximum of 50 employees, a turnover of less than 7 million euro or a total budget of less than 5. No partner company.
In the case of acquisition of assets that are already active or in the realization of innovative projects, the eligible expenses are: general plants, machinery, equipment, patents, purchase of various software, building works, construction management, design, feasibility studies, business plans.
In the case of acquisition of concrete services the eligible expenses are: purchase of services from companies, and companies, public bodies, private bodies, from professionals. All subjects must have either legal personality or be enrolled in a register. Ineligible expenses concern the purchase of tools of a common object, maintenance, promiscuous goods, raw materials, semi-finished and consumable materials, manufactured land and used goods.