"Countryside entrepreneurship" program will facilitate ecological production in the Tukayevsky District

5 June 2018, Tuesday

A resident of the Surovka village in the Tukayevsky District is planning to start a new production and expand production capacity. He is the first citizen to use a special concessional product of the Ministry of Economy of the Republic of Tatarstan and the "Countryside entrepreneurship" Guarantee Fund. PKF LEADER LLC is already producing environmentally friendly and cost-effective thermal insulation material "Ecowool". Now the company is planning to start a new production line for producing stabilizing additive from cellulose fiber for road facilities. Credit funds attracted under warranties of the Guarantee Fund of the Republic of Tatarstan will be used to purchase raw material (paper) and materials for production. The new production facility in the village of Surovka will create five new jobs with wages of RUR 25 thousand.

It should be reminded that a special subsidized product "Countryside Entrepreneurship" allows entrepreneurs (farm enterprise, individual entrepreneur, agricultural consumer cooperative, including commercial cooperative and other small and medium-sized enterprises) to receive warranties of the Fund on special terms and with a commission of 0.5% per annum up to 70% of the amount of liabilities (credit, loan, leasing) of small and medium-sized enterprises operating in countryside.    

  The basic conditions of the Program:

- maximum amount of guarantees: 70%; 

- purpose of obtaining credit: investment, replenishment of current assets; 

- guarantee fee: 0.5% per annum of the guarantee amount for the whole guarantee period;

- own security: at least 30% of the amount of the borrower's liabilities;

- maximum guarantee period: loan term of the financial institution + 120 days. 

Press service of the Ministry of Economic Development of the Republic of Tatarstan

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