Financial system development in rural areas

completed

The aim of the Rural Financial System Development project is to support the broad-based and sustainable introduction of a financing instrument in the Serbian banking sector to promote new or replacement investments in rural areas by agricultural enterprises and MSMEs in upstream and downstream production stages and other economic sectors that want to invest in rural areas in Serbia (with the exception of Belgrade and Novi Sad) (agricultural loans). The measure will contribute to broadening and deepening the Serbian financial sector in the agricultural sector. It will also contribute to improving the competitiveness of Serbian MSMEs in rural areas in the course of EU integration, and ultimately contribute to creating and securing jobs and income. Selected Serbian financial institutions are intermediaries. An accompanying measure is intended to support the partner banks in the introduction and implementation of the new financing instrument, with the involvement of the Serbian Ministry of Agriculture.