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Federal Ministry of Development, Entrepreneurship and Crafts Allocating 5 Million BAM to Aid Economy PDF  | Print |  E-mail
Written by Amela   
Thursday, 19 May 2016 13:42

The Federal Ministry of Development, Entrepreneurship and Crafts will be allocating around 5 million BAM this year to aid and support the economy.

In the press conference of the Federal Ministry of Development, Entrepreneurship and Crafts and the Institute for Youth Development KULT, held on May 19, 2016 at Networks, the forms of applying, criteria of selecting the users and areas for which the funds will be allocated were presented.

The Public Call for selecting the grantees of current transfers of the Federal Ministry of Development, Entrepreneurship and Crafts that the Ministry issues regularly at an annual level was published at the website of the Ministry and the funds will be allocated for the following:

-       - Incentives for women’s entrepreneurship,

-       - Incentives for youth entrepreneurship,

-      - Incentives for individual innovators,

-       - Improvement of institutional entrepreneurial infrastructure,

-       - Incentives for projects funded by the EU and other foreign donors,

-       - Incentives for associations, chambers and educational institutions,

-       - Technical coordination (introducing ISO and HACCP standards and ensuring the CE marking

       - Incentives for traditional and old crafts,

-       - Incentives for newly-founded SME subjects,

-       - Strengthening the competitiveness of technologically modern SME subjects.

As emphasized by the Minister of Development, Entrepreneurship and Crafts Amir Zukić, it is very significant that funds of this Call will also be allocated to future high school students who are planning to educate themselves in deficient occupations. 

Press FMRPO11

There is a vast number of youth who have the ambition to start their own business, but many of them do not have the necessary funds. That is why this Public Call is a great encouragement to youth who want to accomplish something in this country – stated Jasmin Bešić, the Executive Director of the Institute for Youth Development KULT.

The Institute for Youth Development KULT will provide the Ministry with technical, advisory and coordination support in the process of informing youth, women and persons with newly-founded businesses primarily about the manners of applying for the Call.

As stated by Ajka Baručić, the Manager of the BH Business Site initiative realized by the Institute, small and medium-sized enterprises are the key generators of workplaces and everyone should be aware of this, especially if we consider the fact that there are around 500,000 unemployed in BiH and that youth are leaving the country in increasing numbers. This is why youth that are starting businesses represent the key of development.

The application deadline of the Public Call is June 17, 2016, and the Public Call is available at: www.fmrpo.gov.ba

Press FMRPO22

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