Microloans for business are becoming even more affordable
State microfinance has become one of the most affordable and popular measures of state support for small and medium-sized businesses in Tatarstan in 2019. For 11 months of the current year to subjects of SME 353 microloans on 827,3 million rubles are issued. For certain categories of borrowers, there is a reduction in the interest rate.
In 2019, the demand for preferential microfinance from small and medium-sized businesses of Tatarstan has increased significantly. So, from January to November 2018, the business support Fund subordinated to the Ministry of economy of the Republic of Tatarstan issued 143 microloans to small and medium-sized businesses in the amount of 246.3 million rubles, and for the same period of 2019, SMEs received 353 microloans for 827.3 million rubles.
"The reduction of the interest rate and the expansion of the list of activities subject to microfinance contributed to the increase in the availability of this measure of state support – in addition to business representatives from the service sector, production, agriculture, this measure of state support became available to companies engaged in retail and wholesale trade. The interest rate on the most popular entrepreneurs of Tatarstan program "Standard", in 2019, was reduced from 8 to 7.5%, and for some categories of entrepreneurs recently is 6.5%, " - said the head of the Ministry of economy of the Republic Farid Abdulganiev
Eight special categories of borrowers can receive a micro-loan under this program on more favorable terms. For them, the order of the Ministry of economic development of Russia dated March 14, 2019 No. 125 provides for lowering the interest rate to the key rate of the Central Bank of the Russian Federation. Recall that at the end of October, the Central Bank of the Russian Federation lowered the key rate to 6.5%.
Get a micro loan at a lower percentage can (in the presence of collateral): residents of the territories of advanced social and economic development, special economic zone, industrial (industrial), agro-industrial and technoparks, business incubators; women entrepreneurs with a share in business of at least 50% or entrepreneurs older than 45 years, registered for less than one year. Also, special categories of borrowers include agricultural production or consumer cooperatives and their members; SMEs engaged in tourism, ecology or sports.
In case of further reduction of the key rate of the Central Bank of the Russian Federation, the terms of providing microloans for special categories of borrowers will continue to change in a more favorable direction.
In addition, for small and medium-sized businesses of the Republic, working for export, participating in the activities of "cultivation", as well as for social entrepreneurs, the Entrepreneurship Support Fund of Tatarstan this year developed separate microfinance programs - "Exporter", "Development" and "Social entrepreneur", for which the interest rate is set at 5% per annum.
We will remind also that in October 2019 Fund of support of business of RT has launched online applications for the provision of microloans through the Internet platform of FASTTRAK. To obtain this measure of support, the businessman sent an electronic application and the necessary package of documents for approval to the relevant structures through the portal фасттрек.рф. After that, the applicant simply monitors the progress of the consideration of his application and the execution of the request. Statuses about the intermediate stages of approval of the application are displayed in the personal account of the entrepreneur on the portal. This eliminated the inconvenience associated with the need to make an appointment for a face-to-face appointment with representatives of departments, to wait for the consultation in the queue. The entire approval process from the moment of application takes no more than 10 working days instead of one month as it was before.