web analytics
April 16, 2014 / 16 Nisan, 5774
At a Glance
News & Views
Sponsored Post
Spa 1.2 Combining Modern Living in Traditional Jerusalem

A unique and prestigious residential project in now being built in Mekor Haim Street in Jerusalem.



Israeli Government Seeking Bank to Manage Fund Spawning New Immigrant Businesses


Illustration image.

Illustration image.
Photo Credit: Gili Yaari/Flash90

Share Button

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.

Share Button

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.

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

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
The interior of the El Ghriba synagogue on the island of Djerba, Tunisia, in 2009.
Tunisian Jew Stabbed in Djerba
Latest News Stories
Pesach in Hebron at Maarat HaMachpela

Hebron is proving to be a popular family tourist site during the Passover Holiday.

Baruch Mizrachi Funeral 1

Hundreds attended the funeral of Police Chief Superintendent Baruch Mizrachi, who was slain by terrorists on Passover eve.

The interior of the El Ghriba synagogue on the island of Djerba, Tunisia, in 2009.

A local Jewish merchant was stabbed Monday on the island of Djerba.

The Israeli hi-tech company Matrix has announced it is opening a “massive training center” in Nanjing, China.

Rabbis have been busy with preparations for the traditional Birkat Kohanim, Priestly Blessing, set for Thursday.

The suspect charged in the pre-Passover shooting deaths of three people outside two Kansas Jewish centers is a known white supremacist.

More than 400 people sat down at the first seder this year at the Chabad House of Bangkok, Thailand.

The following is President Obama’s statement on Passover (April 14, 2014). As he has in the past, the President held an official Passover Seder at the White House. Michelle and I send our warmest greetings to all those celebrating Passover in the United States, in Israel, and around the world. On Tuesday, just as we […]

PM Binyamin Netanyahu blamed Palestinian Authority incitement for the terrorist murder of a police officer on Passover eve.

The officers had signaled to the Arab driver to pull over. He then rammed into them.

The Palestinian terrorist stood by the side of the road at shot at passing cars with an AK-47.

We would like to wish all our readers a wonderful and kosher Pesach holiday.

Kerry reportedly admitted that he had “made a mistake.”

But Israel’s stance is not sufficiently consequential to set off a fight between friends, neoconservative scholars said.

No, it’s not another Haredi protest against the draft, it’s burning the Chametz.

More Articles from Jewish Press Staff
Pesach in Hebron at Maarat HaMachpela

Hebron is proving to be a popular family tourist site during the Passover Holiday.

Israel’s Ashkenazi Chief Rabbi David Lau and Israel’s Sephardi Chief Rabbi Yitzhak Yosef and Deputy Finance Minister Mickey Levy sell the Chametz (food containing leavening) of the State of Israel to an Israeli-Arab Israeli, Mr. Jaber, before the upcoming Passover holiday.  

The prophecy in Joel, like most prophecies, is surreal, beautiful, and open to many interpretations.

More than Just a Building Standard

Two people were arrested last week, one of them a minor, for posting the following sign near the entrance to the Temple Mount. The police are considering charging them with a “nationalistic crime.” You are hereby requested to evacuate the Temple Mount compound by April 13, 2013- the 13 of Nissan, by 7 PM due […]

    Latest Poll

    Now that Kerry's "Peace Talks" are apparently over, are you...?







    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: