The result of a Royal vision aimed at promoting entrepreneurship and financial inclusion, the Integrated Program for Support and Financing of Entrepreneurship “Intelaka” continues to instil entrepreneurial dynamics in Morocco by promoting socio-economic integration. economy inclusive of young people.
Launched by His Majesty King Mohammed VI in February 2020, “Intelaka”, whose philosophy is part of a vision destined to last over time, seems, nowadays, to accentuate its importance for succeeding in the great gamble of economic recovery. post-crisis.
Adapting perfectly to the realities and needs of the market, this mechanism, which was set up between the State, the banking sector and other players to establish a common dynamic in favor of very small businesses (TPE), young project leaders, the rural world, the informal sector and exporting companies, includes measures intended to overcome the difficulties hindering access to financing for these specific targets.
This public-private partnership, which revolves around three main axes, namely the financing of entrepreneurship, the coordination of actions to support and accompany entrepreneurship at regional level and the financial inclusion of rural populations, goes in the direction of an effective improvement of the investment and an infallible support to the TPE in difficulty.
Offering a rich bouquet of guarantee and financing products, the said program proactively stimulates the creation of businesses, the employability of the greatest number of young people, the socio-professional integration of the informal sector and the revitalization of the Granting of loans for the benefit of VSEs.
At this stage, this Royal shipyard can already boast of its achievements. According to data released during the recent meeting of the Steering Committee of the Entrepreneurship Financing Support Fund (FAFE), the results of the “Intelaka” program show that the loans granted totaled 6 billion dirhams (MMDH) at the end of April 2022, for a total number of 44,695 loans for the benefit of 28,665 companies. This is in fact 94% of the objective set (13,500 per year).
According to the latest progress report unveiled, the funding mobilized should make it possible to generate investments of 13.7 billion dirhams and contribute to the creation of 97,000 direct jobs, or 159% of the objective (27,000 per year).
For their part, the payments of the Hassan II Fund for Economic and Social Development, which intervene according to the requests of the banks, reached 613 million dirhams (MDH).
It should be noted that the revitalization of this Royal project necessarily involves strengthening the support of project leaders and young entrepreneurs, with the aim of contributing more to the effort to revive the national economy.
Awareness and training campaigns are thus carried out, in this context, in the different regions of the Kingdom capable of making a success of this important device.
In this perspective, the banking sector will have to play a key role, particularly in terms of guiding and deploying networks of branches and experts. The objective is to provide the necessary information to the targeted categories (VSEs, auto-entrepreneurs and young entrepreneurs) on the procedures and financing methods offered by the program.
The mobilization of the insurance sector is also no exception to this project. An agreement marking a sharp decline in “death/total disability-borrower” insurance premiums for the benefit of beneficiaries of the “Intelaka” program had been signed. The sector had in fact decided to put in place a system allowing the beneficiaries of the said program to take out “Death/Total Disability-Borrower” insurance contracts at very preferential rates.
The achievements made in this context thus prove the importance of the potential mobilized and the means deployed to achieve the objectives set, in particular the strengthening of the capacities of young people and the guarantee of easier and equitable access to the necessary financing.
With MAP