The Ministry of Economy and Finance (MEF) incorporated medium-sized companies as beneficiaries of the program FAE-Texcowhich grants financing under preferential conditions to micro and small companies in the textile and clothing sector.
Ministerial Resolution No. 167-2023-EF/15 modifies the operating regulations of FAE-Texco to include companies that in the last year accumulated sales of up to S/11 million 385,000 (2,300 UIT).
“For purposes of the eligibility of FAE-TEXCO beneficiaries, and in accordance with the provisions of the First Complementary Provision of Law No. 31683, Law that promotes the economic reactivation of micro, small and medium-sized companies through the Fund MSME Entrepreneur, includes medium-sized companiesaccording to the parameters established by the Superintendency of Banking, Insurance and AFP (SBS), provided that their annual sales for the last year are up to 2,300 UIT,” the document states.
The modifications seek to adapt the operating regulations of the Business Support Fund for the textile and clothing sector to the provisions of Law Law No. 31683, a Law that promotes the economic reactivation of micro, small and medium-sized companies through the MSME Entrepreneur Fund.
In addition, numeral 9.6 of article 9 of the FAE-Texco operating regulations is repealed, which established that the interest rates of guaranteed credits cannot be higher than the maximum Annual Effective Cost Rate (TCEA) obtained in the auctions. of the Programs dictated by the Government during the COVID-19 pandemic. For these purposes, the records of the programs administered by Cofide are considered.
Source: Larepublica
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