Government introduces interest-free loans for citizens who have been forced to move due to emergencies – PM Svyrydenko
The government is launching a mechanism for providing interest-free loans to citizens who are forced to move to a new place of residence due to emergency situations to help them return to normal life faster and ensure household stability for families.
The mechanism provides for the provision of a one-time interest-free loan of up to 50 minimum wages per family (about UAH 430,000) for a term of up to 15 years. The state will compensate banks for interest, so the loan will be without charges for recipients.
"The task of the state is to help people return to normal life faster and ensure household stability for the family," said Prime Minister of Ukraine Yulia Svyrydenko.
"To take advantage of the support, one of the adult family members must apply with an application and a certificate of recognition as a victim to the local government body at the place of new residence after evacuation. After reviewing the documents and approval, the funds are paid by an authorized bank determined by the results of the competition," the message published on the Telegram channel on Wednesday says.
The program will apply to all emergency situations provided for by law and should provide victims with financial resources for quick settlement in a new place of residence.
The funds can be used to purchase property, household items and equipment necessary for proper living conditions in the new home.
