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إدارة الموقع

100 Million Centimes… Additional Loans For “ANSEJ” Youth

Imène Kimouche /*/ English Version: Med.B.
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100 Million Centimes… Additional Loans For “ANSEJ” Youth

The delegate ministry to the prime ministry in charge of small and medium-sized enterprises revealed the conditions for owners of financially troubled “ANSEJ” projects to benefit from an additional financial loan of 100 million centimes, namely the lack of cash, the settlement of the young men’s situation towards taxes, and the lack of involvement in the sale of equipment.
In order to secure the additional loan, a techno-economic study worked out by a qualified expert must be submitted on the profitability of the investment to be refinanced, and all legal and executive procedures have been exhausted to retrieve the loan or receive the equipment with the impossibility of implementation, and the insurance company’s compensation amount for the equipment is not sufficient to re-launch the activity.
According to what was published by the Minister Delegate to the Prime Minister in charge of Small and Medium Enterprises, Nassim Diafat, on his official page on “Facebook”, one of the conditions for refinancing troubled institutions is to reschedule the bank loan and the unequal loan, and that the commercial register, craftsman and farmer card or approval decision in the institution must be valid while the young entrepreneur submits his application and proves the institution’s position vis-à-vis the tax authorities and proves likewise the institution’s position vis-à-vis social security funds.
The Minister confirms that it is also a condition to benefit from the loan of 100 million centimes for distressed youth whose micro-enterprise is facing a situation of shortage or lack of liquidity, and in a state of activity when submitting the application, and that the basic equipment is present, adding that the lack of liquidity means that directed to the completion of a public or private transaction, and for the acquisition of basic catering materials, as well as producing a specific order, acquiring livestock food, seeds and fertilizers, acquiring spare parts and accessories necessary for carrying out the activity, or repairing damaged equipment.
Diafat says that the faltering micro-enterprise is every institution that was not able to carry out its activity or was unable to pay the loan installments granted as a result of the impact of its activity and its failure to keep pace with modernity, or those whose activities were suspended due to the issuance of legislation or regulation related to the activity, provided that it is adapted to the legislation or regulation in force, thus stopping its activity and seizing equipment which was sold by banks without resorting to the joint guarantee fund to guarantee the risks of loans, as well as the institutions that stopped their activity due to a legal dispute with the supplier.
The leader of the conglomerate of micro-enterprises associations, Riyad Tanneh, told “Echorouk” that there are 260,000 distressed enterprises benefiting from ANSEJ loans in the era of the previous regime, while confirming that the additional loan, which is equivalent to 100 million centimes, remains insufficient to cover the expenses of the refloating of these institutions, and is supposed to be associated with solving the problem of real estate for these institutions, and the costs of renting headquarters, maintaining equipment and providing raw materials.
The latter also called for studying the situation of bankrupt institutions that are unable to repay loans, and finding realistic solutions, especially in light of the absence of a real handling market, the ambiguity of the business climate in Algeria and the accumulation of fiscal and semi-fiscal debts, stressing that some young people were involved in a previous employment policy that was not based on economic foundations which misses the market study.

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