Governmental Resolution No. 474 on allocation of funds for the reduction of impact of COVID-19 on the national economy. Country/Territory Lithuania Document type Regulation Date 2020 Source FAO, FAOLEX Subject General Keyword Credit Subsidy/incentive Business/industry/corporations Geographical area Europe, Europe and Central Asia, European Union Countries, Northern Europe Abstract The Government establishes the procedure for the distribution and use of the funds as subsidies for micro-enterprises as a measure to reduce the consequences on the national economy as a result of the spread of new coronavirus disease (COVID-19). It establishes terms and conditions for access to non-refundable governmental grant. A micro-enterprise is a legal entity engaged in economic activity, which employs at least 1 and at most 9 employees. Full text Lithuanian Website e-seimas.lrs.lt