Grant increased to 10 million from the former 4 million HUF on the most popular competition of the New Széchenyi Plan

On the New Széchenyi Plan’s (ÚSZT) “Micro-enterprise development” competition the amount of support increased more than twofold, from 4 to 10 million HUF.

The discount credit beside the support can reach up to 20 million HUF and the beneficiary scope also expanded – told the National Development Agency (NFÜ) on Friday.

The structure provides fundings for the development of the smallest (1-9 people) micro-businesses because with a 10 percent of own contribution, up to 45 percent subsidy is available. The remainder part can be provided by state supported micro-credit, that is much more favorable than the market rate – reports MTI.