The government plans to resume a program of issuing loans to low-income families with unemployed people and seeks to encourage their entrepreneurial activity. However, implementing this plan may face certain difficulties.
The Ministry of Social Policy relaunched the “Helping Hand” program, which was once developed with the participation of the World Bank. It is designed to help unemployed Ukrainians from low-income families start their own businesses. In particular, the program provides for the provision of one-time interest-free repayable assistance to non-working able-bodied individuals. The loan amount is 15 times the minimum wage, in 2023 it is 100.5 thousand UAH. Money is provided for the purchase of equipment and materials necessary to start your own business.
Able-bodied Ukrainians from among low-income families, registered at the employment center as unemployed, who have a desire to open their own business, must submit to the employment center:
The loan may not be repaid if in the first year it is possible to employ two unemployed people from low-income families
Next, the diagram is as follows:
Not all people are able to generate creative ideas , which mean a lot for a successful business. Moreover, not everyone is able to prepare a realistic business plan that will interest an investor. In addition, attracting loans and running a business requires a person to be psychologically ready to take responsibility, which, unfortunately, is not acquired on its own over the years.
Low-income people may fear that the business will fail and they will not be able to repay the funds
Therefore, for a person who does not have a sufficient financial cushion, loans for his own business are not an option. “People are afraid that if they fail, they will have to return the funds received, which will further worsen their financial situation,” Alexander Khmelevsky, candidate of economic sciences and independent expert, shared his thoughts with Focus
On the other hand, help from the state can become support for some citizens, psychologist and psychotherapist Anna Krailyuk Focus “The category of low-income people is very broad. If these are young people who grew up in such families, but really want to break out into a different quality of life, I think they have every chance to study, work hard and end up with a successful business ,” she is convinced.
The government developed the “Helping Hand” program together with the World Bank in 2016 -2018. it was piloted in a number of regions and has established itself as a successful social project, assured .
Now the aid to Ukraine worth UAH 29 billion for next year is in question. If money cannot be found, the government will have to cut government programs
In addition, a 100 thousand UAH loan is a small amount of finance, the economist is convinced. “They can help a self-employed person start something. By and large, you won’t create a job with that money,” Pendzin added.
However, it is obvious that the government itself does not expect a big breakthrough from the program, says Alexander Khmelevsky. “The Cabinet of Ministers allocated only 9.6 million hryvnia for this program, which will provide assistance to only about 100 people throughout Ukraine . Therefore, this program is aimed more at maintaining the image of the authorities than at a real solution to the socio-economic problems of Ukraine,” the specialist concluded.
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