Factsheet for measure
IT-2020-12/464
– measures in Italy
Loan instalments deferral for micro, small and medium-sized enterprises affected by the COVID-19 epidemic
Misure di sostegno finanziario alle micro, piccole e medie imprese colpite dall'epidemia di COVID-19
Background information
With the Decree Law No. 18/2020 of 17 March 2020 (art. 56) the Government intervened in the field of loan payments, in order to prevent, or to mitigate, the indebtedness of micro, small and medium-sized enterprises. This is part of a series of measures introduced by the government in order to support entrepreneurial activities that have been affected from the COVID-19 epidemic and to allow them to stay afloat during the crisis.
Content of measure
In order to support entrepreneurial activities that have been affected by the COVID-19 epidemic, micro, small and medium-sized enterprises with debt exposures vis-à-vis banks and financial intermediaries can suspend loan instalments until 30 September 2020. Furthermore, all subsidised loans can be suspended.
Companies eligible for these measures are those whose debt exposures not classified as impaired credit exposures.
The operations subject to the support measures are admitted, without evaluation, to the guarantee subsidiary of a special section of the Guarantee Fund for SMEs with a budget of €1.73 billion which will cover 33% of non-payments of companies to lenders for the duration of the period of suspension.
Use of measure
According to the Explanatory Report, the measure should concern business financing (in the various technical forms) for approximately €219 billion.
Target groups
Actors and funding
|
Actors
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Funding
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National government
Company / Companies
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National funds
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
|
|
Role
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No involvement
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No involvement
|
|
Form
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Not applicable
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Not applicable
|
Social partners' role in the
implementation, monitoring and assessment phase:
-
Unknown
-
Main level of involvement: Unknown
Involvement
The social partners were not involved in the policy-making process.
Views and reactions
Unknown.
Sources
