According to news wire MTI, the legislation was cleared with a vote of 152 for, 8 against and 17 abstentions.
The free-purpose credit, backed by a state guarantee, will be available to working Hungarians between the ages of 17 and 26 who are ineligible for student loans.
Details of the credit will be issued in a government decree.
As the BBJ reported earlier, Gergely Gulyás, the head of the Prime Minister’s Office, said during a regular press briefing in late October that blue-collar Hungarian workers between will be eligible to borrow up to HUF 4 million, interest-free, in the framework of the scheme to launch on January 1, 2025.
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