Government is preparing to modernize the program of affordable loans "5-7-9%" - Svyrydenko

The Government plans to to modernize the affordable lending program and focus on areas with the highest growth potential. This was reported by the Ministry of Economy of Ukraine, UNN reports .

Details

At the meeting of the First Vice Prime Minister - Minister of Economy of Ukraine Yulia Svyrydenko met with representatives of the banking representatives of the banking sector, they discussed encouraging banks to participate  in government programs and active lending to small and medium-sized businesses. Currently, the government notes low banking activity due to military risks, so an important task is to encouraging banks to provide wider support to businesses through lending, including through government programs including under the government programs eHousing and "5-7-9%."

It is noted that priority for the government is the reconstruction of the housing stock, so it is expected that attracting investments in the development of the construction industry, in particular, in the primary market, will have a a multiplier effect on the Ukrainian economy. And banking support for the state program will increase the number of mortgage loans issued. The government promises to listen to every proposal, build a dialog and share risks.

In the realities of war, we must understand that our security and defense are provided by business taxes. Wide access to financing for business, active lending by banks is our challenge today. The program The "5-7-9%" program will be modernized with a focus on the areas of maximum growth

In particular, the priority is given to the processing industry, the military-industrial complex, energy efficiency, humanitarian demining, development of Ukrainian production and the restoration of economic activity in the de-occupied territories.

SEE ALSO: As part of the "5-7-9%" lending program, this this year, farmers have been granted loans worth more than UAH 27 billion

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