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Combined grant and microcredit scheme structure

Publication Good practices

Managing Authority (MA) for the Economic Development Operational Programme at the National Development Agency, Hungary was responsible for the overall programme management of the Economic Development Operational Programme 2007-2013 (EDOP). EDOP was one of the sectorial operational programmes in Hungary co-funded by ERDF and the Hungarian government. EDOP included non-refundable and refundable assistance.

Combined grant and micro-credit scheme was created to address the lack of tailor-made products for microenterprises in Hungary that make use of the structural funds.