Greece's Ministry of National Economy and Finance has brought the TEPIX III Microloan Fund for Recovery from Natural Disasters into the 2021–2027 NSRF Competitiveness programme, approving the creation of a new microfinance facility to support firms in Thessaly affected by natural disasters. The fund will operate as one of the Hellenic Development Bank’s financial instruments. The facility has a total budget of EUR 10m and is expected to generate a loan portfolio of EUR 12m, targeting access to financing for around 480 businesses. Loans of up to EUR 25,000 will be available to existing small and very small enterprises operating for more than one year, with a registered office or branch for their main or secondary activity in the Thessaly region. Financing will be 75% interest-free, with the remaining 25% provided by participating financial institutions, and no in rem collateral will be required; support will also be offered for business advisory, mentoring, and training services. The action is co-financed by the European Social Fund Plus and national resources under the Competitiveness programme.
Ministry of National Economy and Finance (Greece) 2025-10-13
Greece's Ministry of National Economy and Finance approves EUR 10m TEPIX III disaster recovery microloan fund for Thessaly businesses
Greece's Ministry of National Economy and Finance has integrated the TEPIX III Microloan Fund for Recovery from Natural Disasters into the 2021–2027 NSRF Competitiveness programme, establishing a EUR 10m microfinance facility for Thessaly businesses affected by natural disasters. The fund aims to generate a EUR 12m loan portfolio, offering loans up to EUR 25,000 with 75% interest-free financing and no collateral required. Co-financed by the European Social Fund Plus and national resources, it also provides business advisory and training services.