2014 SME budget increases by 100% — Freij

By Petra - Apr 09,2014 - Last updated at Apr 09,2014

AMMAN – Abdullah Freij, director general of the Development and Employment Fund (DEF), on Wednesday said that the 2014 funding budget for small- and medium-sized enterprises has increased by 100 per cent compared with last year.

During a visit to the municipalities of Sabha and Dafyaneh in the Mafraq Governorate, Freij also added that out of the JD3.5 million allocated to the Badia region, JD1.7 million is geared towards implementing job-generating projects.

He also presented a briefing on the fund's plans, which include loans of JD1,000-JD2,000 for household and woman empowerment projects, while loans of up to JD75,000 will be given to entrepreneurs that can provide significant goods or services and whose projects can create up to five jobs.

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