Government fund tightens SME loan rules to curb defaults and recover debts
A government fund has introduced stricter measures to manage loans for small and medium-sized enterprises (SMEs). The changes follow directives from the Cabinet and aim to recover overdue payments while supporting ongoing projects. Over 1,000 entrepreneurs are currently under the scheme, with total financing reaching 203 million dinars.
The fund has taken firm steps against defaulters. Judicial enforcement files were opened against 110 entrepreneurs who failed to repay loans. Actions included freezing bank accounts, seizing vehicles, imposing travel bans, and issuing formal warnings. Those in default were also barred from accessing new loans.
Many borrowers responded by settling overdue payments or clearing their debts entirely. The fund's officials continue to protect its financial interests by referring unresolved cases to the 'Small Projects' default committee. Enforcement follows the terms set in the original financing contracts. The fund's portfolio covers a wide range of sectors. Commercial projects and services each account for 40% of the total, while industrial projects make up 14%. Crafts and agriculture represent 4% and 2%, respectively. On average, each entrepreneur received around 250,000 dinars in funding, with a maximum loan limit of 500,000 dinars for SMEs. Existing borrowers, including those under Article 8 and Article 5 classifications, were allowed to repay loans under their original terms. They retained the same benefits as SME owners under Law No. 98 of 2013.
The fund currently oversees roughly 1,040 active projects, with a combined financing value of 203 million dinars. Stricter enforcement has led to increased repayments, though the exact number of fully completed projects remains undisclosed. The measures ensure continued support for compliant entrepreneurs while addressing defaults.
Read also:
- Ignorant Youth Unfamiliar with Quebec's Cultural Landscape
- PCOS-related Gas Buildup: Explanation, Control Strategies, and Further Insights
- Astral Lore and Celestial Arrangements: Defining Terms & In-Depth Insights - Historical Accounts & Glossary of Cosmic Mythology
- "Rural Idyls with Supercars: Astonishing Sites Where Residents Cruise McLarens and Ferraris for Groceries"
