web analytics
August 22, 2014 / 26 Av, 5774
Israel at War: Operation Protective Edge
 
 
At a Glance
News & Views
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



Israeli Government Seeking Bank to Manage Fund Spawning New Immigrant Businesses


Illustration image.

Illustration image.
Photo Credit: Gili Yaari/Flash90

The Accountant General division of the Israeli Ministry of Finance, and the Entrepreneurship Department at the Absorption Ministry on Monday issued a tender to choose a commercial bank that would establish and operate a fund granting credit to businesses created by new immigrants and returning residents.

This is a significant step taken by the state to aid these populations, to encourage their economic integration in the Israeli economy, as well as encourage starting new businesses or bolstering existing businesses that would create new jobs in Israel. Encouraging entrepreneurial immigrants will also contribute to their absorption into Israeli society.

The new tender is expected to bring about a significant increase in loans granted to new immigrants and returning residents.

The state will place the sum of NIS 10 million a year, 30 million over three years, at the disposal of the fund, as loan guarantees to the bank that wins the tender with an option for a period of up to three additional years. The tender will go to the bank that puts up the largest credit fund and offers the lowest interest rates to startup businesses.

Utilizing the facilities of a commercial bank will extend the number and scope of loans given out to olim and returning Israelis, and the government guarantees will enable these entrepreneurs to receive loans when other sources may not be available or affordable to them. The government will also operate a fully financed fund to be used by the bank in special cases.

The tender was formulated by an inter-ministerial tenders committee, headed by Senior Vice to the general accountant Yair Tal, and led by Absorption Ministry Director
Dimitri Apartsev.

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Israeli Government Seeking Bank to Manage Fund Spawning New Immigrant Businesses”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
A member of Students for Justice in Palestine punched a pro-Israel student in the face at Temple University, Aug. 20, 2014. SJP claims the pro-Israel student provoked the incident.
Pro-’Palestine’ Students at Temple U Blame Victim for Altercation
Latest News Stories
A member of Students for Justice in Palestine punched a pro-Israel student in the face at Temple University, Aug. 20, 2014. SJP claims the pro-Israel student provoked the incident.

Temple University’s SJP claims the pro-Israel Jewish student harassed and provoked them into assaulting him.

The White House has unblocked the weapons shipment to Israel that they had recently blocked.

Rocket remainder

10:58pm Negev 10:32 pm Eshkol 9:38 pm Ashdod, Ashkelon, Ashkelon Coast 8:47 pm Modiin-Maccabim-Reut, and area. Iron Dome Interception. 8:46 pm Beit El 20:00 pm  Iron Dome downs two rockets over Be’er Sheva; three others explode in open areas. 19:42 pm     Two warnings of rockets in Be’er Sheva, warnings of rockets Hatzerim , site […]

An IDF patrol along the Gaza border.

The IDF readies what it does not want unless there is no alternative – a deep ground invasion of Gaza. Hamas also is ready.

If “the only thing we have to fear is fear itself,” Diaspora Jews are in big trouble.

The security cabinet authorised Thursday the emergency call-up of 10,000 IDF reservists. Defense Minister Moshe Ya’alon said Israel would continue to pursue Hamas leaders anywhere and at any time, and added that the current campaign would “take time.” Ya’alon called on the Israeli public to display patience and strength while the army deals with the […]

The Jewish community in Belfast, Northern Ireland is bracing for violent backlash as the city prepares for an appearance by radical British MP George Galloway on Saturday night. Last month, Palestinian supporters smashed windows twice at the Belfast Hebrew Congregation following a pro-Palestinian demonstration in the city. Now, representatives for Galloway say the 1,000-seat Ulster […]

Israeli school year will begin as planned, and schools “are prepared for any security-related events.”

Gaza workers continue to search for the body of Hamas military chief Mohammed Deif after an IAF air strike August 20.

PA Arabs stoned an Egged bus near Halhoul, north of Hebron Wednesday. The attack took place near the site where the bodies of Eyal Yifrah, Gil-Ad Sha’ar and Naftali Fraenkel were discovered on June 30. No injuries or property damage were reported.

Non-stop rockets on south; Yadlin: Hamas rocket stockpiles dwindling.

Prime Minister Netanyahu praised joint IDF, Shin Bet efforts ending in terror deaths.

Three more terrorists killed in IAF air strike on Sheikh Radwan section of Gaza City Thursday.

One Israeli man was wounded Thursday making sure children escaped rocket fire in time.

Raed al-Attar was an extremely dangerous, sophisticated Hamas terrorist. But he is dead.

More Articles from Jewish Press Staff

Signs that Islamic State (ISIS – Islamic State in Iraq and Syria) terrorists have arrived in Egypt have appeared in the Sinai Peninsula.

One by one, slowly but surely, the State Dept.is waking up.

Six Jewish youths were detained in Jerusalem Saturday night in connection with two alleged anti-Arab attacks and attempts to incite.

A hareidi man playing with his child at Sacher Park in Jerusalem, on August 14, 2014, during summer vacation.

    Latest Poll

    Do you think the FAA ban on US flights to Israel is political?






    View Results

    Loading ... Loading ...

Printed from: http://www.jewishpress.com/news/breaking-news/israeli-government-seeking-bank-to-manage-fund-spawning-new-immigrant-businesses/2012/07/30/

Scan this QR code to visit this page online: