Russian credit organizations may receive subsidies to ensure the availability of credit resources for SMEs

16 January 2019, Wednesday

The Ministry of Economic Development of Russia announces the start of selection of Russian credit organizations as authorized banks to receive a subsidy from the federal budget for reimbursement of lost income on loans issued to small and medium-sized businesses at a preferential rate in 2019-2024.

Subsidies are provided to Russian credit organizations in order to ensure the availability of credit resources for small and medium-sized businesses in the period 2019-2024 within the budget allocations provided for by the Federal Law on the Federal Budget for the relevant period.

The planned total volume of loans in 2019 will amount to 1 trillion rubles. Selection is organized by the Ministry of Economic Development of Russia. The selection participants are Russian credit organizations.

Address for submitting applications for selection and attached documents: 115324, Moscow, Ovchinnikovskaya nab., 18/1, Ministry of Economic Development of the Russian Federation, Department of Investment Policy and Entrepreneurship Development.

Contact phones: (495) 870-87-00 (ext. 0521 or 0550)

Contact email addresses:

TunyaevaEB@economy.gov.ru

Khaidukov@economy.gov.ru

Date, time of commencement and termination of acceptance of applications for selection and attached documents:

Deadline for applications: 4:00 pm on January 25, 2019

The terms of participation of credit institutions and the list of documents for filing an application for selection are contained in the Government of the Russian Federation Decree No. 1764 of December 30, 2018 “On Approving Rules for Granting Subsidies from the Federal Budget to Russian Credit Institutions for Reimbursement of Lost Income on Loans Issued to Small and Medium-sized Businesses at a reduced rate in 2019-2024”.

SUBSCRIBE FOR NEWS
All content on this site is licensed under
Creative Commons Attribution 4.0 International