Government launched productive investment credits for SMEs, the first tranche is $235.05mn

The Ministry of Productive Development launched the LIP Pymes Productive Investment Line which is already available in 21 public and private banks. These are loans with subsidised interest rates with funds from the portfolio held by Matías Kulfas, which will finance projects of up to AR$70 million ($822,683.40) per company, with a first tranche of AR$20 billion ($235.05 million).

Source: Ámbito