Low-interest loan schemes of Széchenyi Card program to remain in H1 2021

Government

Responding to the needs of businesses, the state-subsidized, low-interest loan schemes of the Széchenyi Card program launched in response to the pandemic in May will remain available in H1 2021, the Ministry for Innovation and Technology said yesterday, according to novekedes.hu.

Companies having taken up the crisis credit constructions of the Széchenyi Card program employ nearly 220,000 people, and the program helps the affected companies to keep existing and create new jobs.

"That is why we consider it important to continue the special scheme", State Secretary for Economic Strategy and Regulation László György said. Businesses can obtain loans at low or even at 0% interest rates under the schemes. The state support is in the form of interest, management cost, guarantee fees and other cost subsidies to the schemes, and remains unchanged.

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