Cairo- 19 – 2 – 2023
The Department of Stamps and Scales at the Ministry of Supply and Internal Trade announced the opening of the door to apply for a loan to develop small and medium workshops for owners of workshops working in the fields of gold and silver artifacts and jewelry, with a maximum limit of one million pounds for the workshop for a period of one month, starting from Sunday, February 19, 2023 until next March 19, According to the specified conditions and the attached form.
Hani Milad Gayed, Head of the General Division for Gold and Jewelry at the Federation of Chambers of Commerce and a member of the Project Management Committee for Supporting Factories and Workshops of Gold and Jewelry Artifacts and Jewelry, explained that the most important conditions for benefiting from the loan related to the applicant is that the owner of the workshop has a license documented by the Authority with the logo of the workshop to manufacture gold or silver artifacts, except The age of the applicant is less than 21 and not more than 55 years, with experience of not less than five years in the field, and the applicant should not be working in the government sector with the ability to read and write and have good conduct and behaviour. Not to use the value of the loan except for the purposes for which it was granted
As for the most important conditions related to the facility, Milad said that the workshop must be located in the Al-Gamalia area, and its area should not be less than 20 meters, and it includes the minimum operating equipment specified by the authority. As for the repayment period, it ranges from 3 to 5 years, with a decreasing interest rate of 12.5% annually.
