50 SMEs for national upgrading programme

About 50 private companies settled in Algiers received their decisions.

They were delivered by the National Agency of SMEs Development (ANDPME).

to benefit from the national programme of SMEs (small and medium enterprises) upgrading.

“We delivered today decisions to 52 eligible companies to benefit from SMEs upgrading programme, which is operational,” ANDPME’s Director General Rachid Moussaoui told APS.

These companies are part of the first 600 SMEs that have received the agreement of the Ministry of Industry, SMEs and Investment Promotion to benefit from the national upgrading programme, launched in January 2011.

In addition, ANDPME gave 519 decisions to companies in the provinces of Setif, Annaba and Oran during the past months.

Most of the involved companies are operating in the sectors of building, public works and hydraulics, food processing and services.

With these decisions, companies could have access to the State’s financial aids that can reach DZD 20 million (according to the company size), and to government subsidized bank loans.

These financings are intended to pay mainly the analysis of production and management systems, the certification of the products quality, as well as the purchase of new equipments for production.

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