Presenting Monday his cabinet’s program for the 2021/26 five-year term, Head of Government Aziz Akhannouch announced the launch from 2022 of a support program for individual initiatives.
In detail, he explained, this program will take the form of support, guidance and training in order to structure a project in all its phases, from the conception of the idea to its realization, and by granting honor loans of up to 100,000 dirhams repayable over a maximum period of 10 years.
Targeting mainly young people, the program will focus on types of projects outside the scope of current funding granted to small emerging businesses. The importance of the project and the commitment of its promoter are the two main conditions that must be fulfilled in order to benefit from the funding. The government is also committed to breathe new life into the “Intelaka” program and to ensure its sustainability, after the health crisis has impacted the first stages of its launch.
In order to continue the economic recovery, to fight against unemployment and to mitigate the effects of the current crisis on employment, the government plans to put in place a battery of measures, offering opportunities, mainly for young people. This recovery plan, drawn up by the government, aims to meet the needs of citizens and face the difficulties faced by economic players.
The said plan includes innovative programs in favor of employment and promoters of innovative projects, in addition to financing and support for small and medium-sized enterprises (SMEs).
In its program, the government considers that strengthening the pillars of the welfare state is an essential lever for economic transformation, since it will contribute in particular to the generalization of social coverage and family allowances, and therefore to the fight against against social disparities and the preservation of the dignity of vulnerable categories.
These measures, considered as priorities for the government, are likely to support the purchasing power of citizens and the revival of the national economy.
For non-graduates who have suffered the impact of the crisis, the government is offering, from 2022 and for a period of two years, a program of small and large public worksites within the framework of interim contracts, at the level of local authorities and in partnership with local associations and cooperatives, without qualification requirements. This program will create at least 250,000 direct jobs within two years.
These opportunities will be created within the framework of citizen service and projects beneficial to society, both in rural and urban areas, thus guaranteeing a minimum income for those who have lost their means of subsistence. In rural areas, these opportunities are part of the continuation of the program to reduce spatial disparities.