The Finance Ministry is planning to supply loans of 1.four billion euros to corporations within the second section of the “Deposit To Be Returned” scheme, which shall be paid out on the finish of June.
In accordance with sources, the federal government is contemplating some minor modifications to the eligibility standards in order that extra enterprises can be a part of the lending scheme, which not solely has a protracted grace interval (of 18 months) but in addition comes with a really low rate of interest, beneath 1%.
Some 55,000 companies secured loans within the first section of the scheme, whereas the ministry estimates this determine to be greater than double within the second section.
Corporations that entered the €1billion first section may additionally apply once more on this extension of state lending and obtain further funds, to be returned inside 5 years. That is supplied their March, April and Might knowledge present losses sufficiently big to justify the intervention of the state.
The ministry, subsequently, will create a person file for every enterprise harm by the pandemic primarily based on the information from the final three months. The second section may also pertain to corporations excluded from different funding devices.