The role of the Autonomous Province of Vojvodina [Serbia] Development Fund
2007
Štrbac, M., Institute of Agricultural Economics, Belgrade (Serbia) | Tomić, D., Institute of Agricultural Economics, Belgrade (Serbia) | Vlahović, B., Faculty of Agriculture, Novi Sad (Serbia)
The basic goals of Vojvodina development Fund are improvement of conditions for total development and quality life in rural areas. Total realized credits of the Fund increased for 54.78% over the period 2002-2006. Short-term credits for exports financing increased for 129.17% followed by credits for long development programs investments (increased for 36.67%) and long continuance credits for start-up programs (increased for 31.24%). Cooperation between all participants who are important for rural development, have to promote good experiences from foreign countries. Realized credits for short financing of agriculture registered increase of 23.74%. The share of investments in agriculture sector in total realized credits of the Fund was 44.11% followed by investments in processing production with 31.70%. Each district in Vojvodina should have advisors who would help potential loan applicants to make business plans according to existent development district plans. Pre-condition for development and investments justification is cooperation among all institutions in charge. For already approved credits it is necessary to introduce monitoring, control of fixed costs, effect analysis and to suggest improvement measures.
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