Oschadbank will start accepting applications for new business grants in July.

 Beginning July 1, the State Savings Bank will begin accepting applications from Ukrainians for microgrants of up to UAH 250,000 for a new business or the development of an existing business. According to a government decision, Oschadbank has become the authorized bank of the new state program eRobota, which will provide Ukrainians with grants of up to UAH 250,000 ($80,00) for starting a new or developing an existing business. Any Ukrainian (individual) or legal entity can become a participant in the program.  With a state grant in the amount of up to UAH 250,000, an entrepreneur or legal entity will be able to purchase equipment, pay for raw materials and equipment, and make a partial rent payment. In cases where one or two jobs are created for more than three years and the business pays taxes during this period, the grant does not need to be paid back.