For those looking to start a car repair or other related service business in rural areas - now is a great opportunity to save money! The National Paying Agency (NMA) is in the process of collecting applications and you have the opportunity to get 100% funding for a business start-up.

Applications will be received by 31 December. and any natural or very small legal entity may participate. The project grant is up to EUR 17,220 and the NMA finances 100% of the total cost of the project.

The primary requirement for the project is to create at least one job related to the economic activity for which support is requested by the end of the business plan. A total of $ 7 million is available for the application phase. As a result of the EUR 1 million in funding, access to finance for starting a vehicle repair business is certainly high.

It is envisaged that the beneficiary will be paid in two installments, one half of the project grant within 10 working days of the date of the grant decision and the other half on completion of the business plan. The second installment will be paid within a maximum of 3 years from the start of the business plan.

The benefit will be payable if the expenses planned in the business plan are necessary for the implementation of the business plan and the economic activities, are directly related to the supported economic activity and are not less than the amount of support requested. Otherwise, the business plan must be properly implemented, otherwise the remainder of the benefit will not be paid and, if paid, will be recovered.

Other important requirements for the implementation of the project: start the business plan no later than 9 months from the date of the grant decision, properly implement the business plan, ie. y. to acquire the intended investments, to carry out profitable economic activities, etc.


Please contact for more information. More - https://www.e-tar.lt/portal/en/legalAct/88eee020d85b11e8a1baff673bb7216a/asr

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