The commitment framework for the Széchenyi Card Program will be increased by HUF 300 billion.
The Széchenyi Card Program has been helping meet the financing needs of small and medium-sized enterprises in Hungary for more than two decades, and currently provides funds to local SMEs at a very favorable fixed interest rate of 5 percent to the end. From this term, Nemzetgazdasági Ministry (NGM) with MTI reported.
By March 31, 2024, approximately 65,000 loan applications had been received – Image: pixabay.com
I note that in accordance with the government decision that has just been published, it has decided so Increase the upper limit on commitments that can be made to provide benefits in the Széchenyi Card program by an additional 300 billion forints, bringing their total to 1,700 billion forints.
Within the framework of the Széchenyi Card Max Plusz programme, launched at the beginning of 2023, approximately 65,000 loan applications have been accepted as of March 31, 2024, with a value of approximately HUF 2,600 billion, of which HUF 1,600 billion is the contracted loan stock.
According to the announcement, more support was paid to beneficiaries in 2023 than ever before, and the government also provided the additional resources necessary for this.
In accordance with the government's decision, within the framework of the Széchenyi Card programme, the commitment framework available for financing local SMEs will be increased by an additional 300 billion Hungarian forints through the following, already known: Construction works When to use:
Széchenyi Card Current Account Loan including Széchenyi Tourist Loan, Széchenyi Liquidity Loan, Széchenyi Investment Loan, Agrár Széchenyi Investment Loan, Széchenyi Leasing, Széchenyi Microloan and Széchenyi Card Klassiz (cannot be applied for again).
the Széchenyi Card Program The 300 billion HUF increase in the commitment limit enables more than 1,500 billion HUF in additional loans, Bringing SMEs to important new sources of financing.
Developments achieved in this way make a meaningful contribution through increased investment activity and lending activity To resume economic growth this year, and also for the economy to shift to a higher level The growth rate will reach 4-5 percent in the long term – as stated in the NGM announcement.
