WB6 IIP
Western Balkans Six
Investment Incentives Platform
The Western Balkans Six Investment Incentive Platform is the first of its kind in the region, providing detailed information on available incentives in each of the WB6. It is one of the key measures under the Regional Investment Area, which is part of the Common Regional Market Action Plan 2021-2024.
Developed with input from Investment Promotion Agencies (IPAs) across the region, the platform includes both financial and non-financial incentives, categorized by type, sector, and target audience.
It provides comprehensive information for investors looking to invest in the WB6. As an evolving resource, the platform will be updated every six months to ensure it remains current and relevant.
Credit Support in agriculture (suibsidized loan interest rate)
- Economy name
- Serbia
- ID
- S58
- Incentive name
- Credit Support in agriculture (suibsidized loan interest rate)
- Brief description
- Subsidized loan interest rate for agriculture investments
- Legal reference name
-
Rulebook on the conditions and method of exercising the right to credit support
"Official Gazette of Serbia", no. 48 of May 19, 2017, 88 of September 29, 2017, 84 of November 2, 2018, 23 of March 29, 2019, 27 of March 13, 2020, 36 of April 9, 2021, 102 of October 29, 2021, 130 of December 29, 2021, 127 of November 18, 2022, 144 of December 30, 2022, 21 of March 17, 2023, 8 of February 2, 2024.
- Legal reference
law section / article -
Article 2.
Credit support is a type of incentive that allows agricultural farms easier access to the use of credit, namely for:
1) the development of animal husbandry, which includes the purchase of animals and the animal insurance premium prescribed by this rulebook, except for quality breeding heifers and quality breeding cows aged up to five years;
2) development of arable farming, fruit growing, viticulture, vegetable growing and flower growing, which includes the procurement of seeds, planting material and means for plant protection;
3) investments in agricultural machinery and equipment;
4) procurement of feed for animals;
5) investments in certain types of mechanization and equipment used in plant agricultural production;
6) the development of animal husbandry, which includes the acquisition of quality breeding heifers and quality breeding cows up to five years of age and the insurance premium for these animals prescribed by this rulebook;
7) development of arable farming, fruit growing, viticulture, vegetable growing and flower growing, which includes the procurement of fertilizers.
Article 2 (7)
Facilitated access to the use of loans from paragraph 1, point. 1)-4) of this article is realized through subsidizing part of the interest on the loan, and that is so that the interest rate, which is equal to the reference interest rate of the Central Bank of Serbia, is increased by 3.5 percentage points and decreased by three percentage points (calculated according to the conforming method on actual number of days in a year) for credit support with a repayment term of up to three years.
Facilitated access to the use of loans from paragraph 1, point. 1)-4) of this article is realized through subsidizing part of the interest on the loan, and that is so that the interest rate, which is equal to the reference interest rate of the Central Bank of Serbia, is increased by 3.5 percentage points and decreased by three percentage points (calculated according to the conforming method on actual number of days in a year) for credit support with a repayment term of up to three years.
Facilitated access to the use of loans from paragraph 1. point 5) of this article is achieved through subsidizing part of the interest on the loan, and that is so that the interest rate, which is equal to the reference interest rate of the Central Bank of Serbia, is increased by four percentage points and decreased by three percentage points ( calculated using the conformal method for the actual number of days in the year).
- Incentive group
- Financial
- Incentive category
- Subsidy
- Economy-wide/Sector-specific
- Sector-specific
- Sector (Simplified)
- Agriculture
- Sector (NACE)
- A AGRICULTURE, FORESTRY AND FISHING
- Size of firm that can use incentive
- Micro (1-9) & SMEs (10-249)
- Level at which incentive is available
- Economy-wide
- Ownership of firm that can use incentive
- Domestic
- Incentive location
- Specific region
- Main objective of the incentive
- Technological advancement
- In case of grant, share of grant in investment (in %)
- /
- Contact Info
-
Ministry of Agriculture, Forestry and Water Management
e-mail address: uptosti.pohektaru@minpolj.gov.rs
- Weblink to Incentive information in English
- Weblink to Incentive information in local language
- Eligibility criteria
description -
legal entity, namely:
(1) agricultural cooperative with at least five cooperative members who are registered in the Register as holders or members of five different registered agricultural holdings,
(2) if it is classified as a micro or small legal entity in accordance with the law regulating accounting.
3) credit support provided that the total amount of the loan is up to RSD 18,000,000.
- Eligibility criteria
weblink
- Awarding Authority (Name)
- Ministry of Finance
- Application procedure + Weblink (where available)
- https://erpg.eagrar.gov.rs/
- Implementing Authority (Name)
- Ministry of Agriculture, Forestry and Water Management