It did so through Resolution 119/2023 published in the Official Gazette in which, in addition, it designates the Undersecretariat for Small and Medium Enterprises as executing agency for the initiative. The program will have financing from CABEI, which in September 2021 signed a loan with the country of up to US$50 million.
He loan term is up to 20 yearsincluding up to five grace periodand the interest will be integrated by the Six-month Libor ratereviewable and adjustable every six months, plus a margin of 240 basis pointsreviewed quarterly.
The operating regulations previously should have had the no objection of CABEI as a funding body.
What finances the Digital Transformation Credit
industry 4.0 consists of a paradigm with special emphasis on systems that perform automated processes with systems that analyze information in real time to optimize production. For this, technologies such as artificial intelligence, internet of things, “big data” and “blockchain”.
The credits will also be used for three Technological Centers (TC) so that they incorporate or expand areas of transformation 4.0 that contribute to the development and adoption of these technologies by companies.
Other program component will finance up to 80% of the investment in innovation and technological development of SMEs through Non-Reimbursable Contributions (ANRs)including consultancies, diagnoses and equipment necessary for these projects.
The program will also be used to finance the training of employers and workers through scholarships, internships and training, and contemplates the creation of credit lines preferential for SMEs up to US$1 million.
These credits can be used to implement the productive transformation processes necessary to access a platform compatible with production 4.0, through the acquisition of advanced technology, machinery or equipment, and the incorporation of digital solutions.
As CABEI announced when granting the loan and making the first disbursement in March of last year, the program aims to finance the productive innovation of a pilot group of approximately 300 companies -200 of them with ANR and 100 through credits- and train 1,500 people for an average of five workers for each company.
“With this operation we are betting that these companies can increase their productivity and add to the development of the country, even generating new jobs later,” said the executive president of CABEI, Dante Mosiit’s a statement.
Source: Ambito
