Applications for subsidizing the interest rate on business loans are closed this year

The Ministry of economy of the Republic of Tatarstan announces the end of applications for the program of subsidizing the costs associated with the payment of interest on loans.

The program budget allocated for the current year has been executed. More than 50 entrepreneurs received subsidies totaling about 130 million rubles. Most applications were received from the second category of recipients of the subsidy-entrepreneurs whose activities are related to agriculture and forestry, hunting, fishing and fish farming, as well as small and medium-sized enterprises in the sphere of manufacturing.

As a reminder, representatives of small and medium-sized businesses could apply for participation in the program starting from October 3, 2019. It involves full reimbursement of the costs associated with the payment of interest on loans from Russian banks – that is, 100% interest rate subsidy. Under the terms of the program, the subsidized entrepreneurs need to pay only the "body" of the loan.

"The program was implemented for the first time and in a short time showed its importance for the business community. Next year, the program budget is planned to increase to 240 million rubles. For the convenience of recipients of subsidies will be organized the possibility of remote online application through the portal фасттрек.рф. This will reduce the time to receive the service, as well as make it more accessible to residents of rural areas, " Minister of economy of the RT Farid Abdulganiev said.

A round table will be organized on December 12 to discuss the conditions of the current program and its possible adjustment for the next year, taking into account the views of the business community. Representatives of the business community, banks, public organizations and associations of the Republic were invited to the discussion. It is planned that it will be attended by representatives of the Tatarstan regional offices of "Support of Russia" and "Business Russia", the Association of small and medium enterprises, the Association of farmers and peasant farmsteads, the Association of enterprises and Industrialists, as well as the Commonwealth of builders of Tatarstan.