DAPA announces plans for fourth defense industry financing program implementation plans

DAPA announced the implementation plans for the defense industry financing support program, where loans are provided to defense industry firms by financial institutions at a low interest rate, with the difference reimbursed from the budget of the financing program. As the fourth fund support for 2015, the funds will be provided to small and medium defense firms. The funds are provided for specified types of programs, such as R&D, the installation of production facilities, and the export of defense goods. Registration is to be conducted from September 15 to 30.

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