Córdoba: lines of credit for $3.5 billion for SMEs and microenterprises

Córdoba: lines of credit for $3.5 billion for SMEs and microenterprises
Córdoba: lines of credit for $3.5 billion for SMEs and microenterprises

The Government of Córdoba and the Federal Investment Council agreed this Thursday to launch five lines of soft credit aimed at enhancing development opportunities for micro, small and medium-sized businesses.

Governor Martín Llaryora and the Secretary General of the Federal Investment Council, Ignacio Lamothe, signed the agreements that are part of the mutual collaboration.

This is a new joint action, according to the Government, “which is framed in the common purpose of promoting opportunities for comprehensive local development, the professionalization of the public and private sectors, and the use of modern management tools that allow generating projects “innovators that provide concrete answers to current challenges.”

For his part, Lamothe explained that this is an “effort that Córdoba is making with the CFI to support the productive sectors that are either growing or being born or expanding, and the idea is to accompany this long-term process.”

The Minister of Economy and Public Management, Guillermo Acosta, celebrated the signing of the agreements, emphasizing that “they are intended to support the productive sector and accompany its growth.”

X by Martín Llaryora
Five lines of credit

Financing for the Development of Sustainable Tourism

The purpose is to financially assist companies that meet the definition of micro, small and medium-sized companies of Law No. 24,467 that develop any of the activities provided for in point 1 of Annex I of the National Tourism Law No. 25,997, enabled (or in qualification process) in the northern part of the province.

Amount: $1,000,000,000. Validity period: it will be valid from the signing of the agreement until December 31, 2024 or until the available space is exhausted.

CFI Credits for Green Financing

Its purpose is to financially assist micro, small and medium-sized companies in the agriculture, livestock, industry and tourism sectors located in the province, for the incorporation of equipment and works for technical irrigation and water efficiency, for the generation of energy from renewable sources (Off and On Grid), as well as to care for the environment through the efficient and sustainable use of natural resources, the promotion of the circular economy and the rational and efficient use of energy.

Amount: $2,000,000,000. Validity period: until December 31, 2024 or until the available space is exhausted.

Program for the Productive and Financial Development of Women

Line aimed at providing technical and financial advice for the development and management of productive projects and micro, small and medium-sized businesses led by women.

Amount: $500,000,000. Validity period: until December 31, 2024. The actions initiated and/or in progress will continue until their effective completion.

Federal Program of Sustainable Actions for Productive Activities

The objectives of the agreement are to contribute to the care of the environment fromefficient and sustainable use of natural resources, promote the circular economy; and promote the rational and efficient use of energy as well as its generation from renewable sources in those productive activities that the province considers a priority.

Validity period: it will have a validity period of one year, unless expressly notified to the contrary. The actions initiated and/or in progress will continue until their effective completion.

Federal Energy Management Program

Its objectives are to support actions that imply a reduction in energy consumption through more efficient practices, promote the installation of Distributed Generation (DG) systems to increase local generation of renewable energy, promote the reduction of GHG emissions; d) contribute to improving local energy supply, generate local capacities through training for technicians, professionals, officials, distributors and cooperatives and promote green jobs.

Validity period: it will remain valid as long as no contrary decision is expressed by any of the parties, which must be communicated no less than 30 days in advance.

 
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