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ANNEXURE

 

Facility

Facility

Facility

Facility

 

(1)

(2)

(3)

(4)

Type of operation

Identification of potential joint venture projects and partners.

Operations prior to launching a joint venture.

Financing capital requirements.

Human resource development: training and management assistance.

Beneficiaries

Chambers of commerce, professional associations, public agencies and ECIIP Financial Institutions, Individual companies may not benefit from facility 1.

Companies, either individually or jointly, local or European, wishing to undertake a joint venture investment project.

Joint ventures established by partners from EEC and from eligible countries Both partners must have a meaningful participation.

Investment in local companies which operate under a licensing and technical assistance agreement with an EEC company.

Access

The beneficiary may apply directly to the EEC or through a finan­cial institution.

 

Application to be made through a financial institution.

Type of  finance

Grant

Interest free advance to be converted later either into a grant, a loan or equity.

Equity holding Interest free loan or equity loan

The financial institution must co-finance the projects.

Amount available

Maximum of 10,000 ECU

Maximum of 2,50,000 ECU

Maximum of 10,00,000

Maximum of 2,50,000 ECU

 

 

 

The maximum total support per project is 10,00,000 ECU

Limits

Up to 50 per cent of the cost.

Up to 50 per cent of the cost.

20 per cent of the capital of the joint venture.

Up to 50 per cent of the cost.

 

 

 

 

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