Measures to support

 Measures for supporting Investment
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Measures to support corporate financing

 

 Measures to support corporate financing are:

  •  Granting of bonus of the interest rate of loans granted by banks to SMEs.

a) Creation and expansion of activity
- Algiers - Oran and Annaba: 0.25%
- Wilayas of the south and the high plateaux and 1.5%
- Other wilayas: 1%

b) Upgrading
- Wilayas of the south and high plateaux and 1.5%
- Other Wilayas: 1%

  • The maximum level of the financial guarantee provided by the Guarantee Fund for SMEs has increased from 50 to 250 million DA;
  • Creation of the National Investment Fund (NIF) with a capital of 150 billion dinars. The guarantee issued by the Guarantee Fund for Loans to SMEs (FGAR), banks and financial institutions to cover investment loans they grant to SMEs is considered to be the state guarantee;
  • Reinforcement of the classical banking system for financing through the development of form of leasing aimed at SMEs, SMIs and provides a favorable environment with attractive tax benefits for financing investment of equipment;
  • Establishment of companies interbank of asset management and debt recovery. These mechanisms are intended to reduce disputes on debts and boost credit to investors;
  • Increase from 20 to 40 billion dinars of the financial allocation of funds to guarantee ANSEJ;
  • Creation of an investment funds at  the level of the wilaya assigned to participate in SME capital created by young entrepreneurs;
  • Exemptions of the craftsmen and micro business law Algerian performance bond when involving in the operations of public restoration of cultural property;
  • Granting by the Treasury of rate subsidies of credits granted by banks and financial institutions to real estate developers involved in the implementation of public housing programs;.
  •  Support by the Treasury, to invoicing of power in the direction of economic activities outside agriculture in the wilayas of the South with retroactive effect to January 1, 2008
  • Granting of unpaid loans varying according to the cost of greenfield investment not exceeding:
    • 25% of total cost of the investment when it is less than or equal to two (2) million dinars.
    • 20% of total cost of the investment when it is more than two (2) million dinars, less than or equal to five (5) million dinars.
  • Granting of unpaid loans brought to 22% when the investments are made in specific areas or in the wilaya of the South and the High Plateaux.
  • Granting of credit not exceeding 70% of the total investment.
  • Eligibility of the bank loans on the bonus investment credit set up at :
    • 75% of the debtor rate applied by banks and financial institutions for investments made in agriculture, water resources and fisheries;
    • 50% of the debtor rate applied by banks and financial institutions for investments made in all other sectors when the investments of the unemployed person (s) promoter (s) are located in specific areas, or in the wilaya of the South and High plateaux and the rate subsidies provided for here above shall be raised to 90% and to 75% of the debtor rate applied by banks and financial institutions.
  • The beneficiaries of credit support only the differential of non subsidized interest rates.
  • the Treasury makes available of the state banks, a line of long-term credit of 100 billion DA renewable, to enable them to finance projects of long maturity,  
  • the mobilization of investment companies whose creation by public banks is completed, to manage investment funds of the wilayas, and promote their participation during an initial period, to the capital of small and medium enterprises who wish to.
  • the launch in March 2011, of public companies of leasing aimed at alleviating the cost of leasing equipment for new small and medium enterprises that wish to use this device,
  • the revitalization of the existing mechanisms for the credit guarantee for small and medium enterprises (SMEs) and the relief of the associated procedures with the assistance of the monetary authority, and the intervention of the National Investment Fund to the profit of the domestic investors who wish to, with equity participation up to 34% in the capital and the financing, and to promote the creation of small and medium enterprises (SMEs).

 

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