Nasda seeks to raise funding limit to 20 million dinars
The article focused on the efforts of the Agency for Support and Development of Entrepreneurship "NASDA" to elevate the funding limits it offers to projects, with the aim of encouraging and stimulating entrepreneurship in Algeria. The agency intends to increase the funding ceiling from 10 million dinars to 20 million dinars after receiving approval from the relevant parties, in order to meet the needs of 40 to 50% of projects that currently exceed existing funding levels. Additionally, it emphasizes the development of university centers dedicated to training entrepreneurs, with more than 117 centers established across universities to prepare 35,000 to 40,000 students annually, aiming to support the transformation of ideas into economic projects. "NASDA" is currently financing around 6,000 projects, with a goal to reach funding for 10,000 projects annually by 2027. These projects span sectors such as industry, agriculture, and services, with the industrial sector accounting for 26% of the supported projects, reflecting the government's move toward balanced and sustainable economic development.
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