Under the "Micro-entrepreneurship Support Program," certain types of businesses may no longer be eligible for funding in specific regions — a corresponding amendment has been made to the State Program for the Support of Micro-entrepreneurship, and it is already in force.
Additional clauses added to Article 3 of the resolution allow the agency, in agreement with the ministry and based on market analysis, to discontinue issuing loans in specific sectors or regions. This may include cases where there is a high concentration of loans in a particular region. However, this will not result in the termination of support for loans that have already been issued.
Furthermore, a new Clause 5 has been added, which authorizes the agency to suspend or terminate a specific bank’s participation in the program in cases of bad faith conduct, violation of the program’s terms, or improper execution by the participating bank. The agency must notify the bank of the decision at least 10 working days in advance, but it will not be required to provide any justification to the bank.
It’s worth noting that the previous version of Article 3 already allowed the agency to suspend or terminate a bank’s participation in the program based on a risk assessment.
The amendment also clarifies that, within the scope of the program, if a loan is refinanced by a bank, the originally defined term for co-financing of the loan’s annual interest rate must not be extended.
