The Government 2019 On the 1st of April to the credit guarantee mechanism comes into play, under which small and medium businesses by up to 70% of the bank loan will be guaranteed by the state. scheme only guarantees issued loans worth, the volume of 50 000 GEL and 2 000 000 GEL.
The credit guarantee scheme is administered by the Ministry of Economy agency "Invest in Georgia" will execute. The scheme will be based on a portfolio of loans and guarantees will be carried out by the bank rate.
The credit-guarantee scheme under the guarantee will be issued by the government of the priority sectors, such as – Manufacturing, Recycling, export-oriented goods and services (including BPO), Education and other.
2019 On the budget credit guarantee scheme to secure loans 20 million allocated.
The credit-guarantee scheme could be beneficial to all the resident entrepreneur, The turnover 20 000 000 (twenty million) GEL.
"Enterprise Survey-based research has been confirmed, that access to finance, Especially – Small and medium-sized enterprises, yet, is still a significant problem in. That's small and medium-sized enterprises access to the funds set up to improve the credit-guarantee mechanism ", – said the Ministry of Economy.
The credit-guarantee scheme, the concept of online processing and the agreement of the central bank and the Ministry of Finance, therefore can be corrected.