Tatarstan entrepreneurs will receive interest-free loans to pay salaries for employees

Entrepreneurs of Tatarstan have the opportunity to obtain loans with a zero interest rate for the payment of salaries to employees. Such a support measure became available due to the fact that the Ministry of Economic Development of the Russian Federation signed an agreement with 14 banks of Russia on financing interest-free loans. In particular, Ak Bars Bank joined the program, and a number of republican banks sent applications for connection.

Currently the agreements have already been signed with the following banks: Sberbank, VTB, Promsvyazbank, Ak Bars Bank, Alfa Bank, Kuznetskiy, Sarovbiznesbank, RNKB, SMEs, Chelyabinvestbank, Otkrytie, Accept Bank, Vladbusinessbank, Tomskpromstroybank. The application for participation in the program continues.

So, in the Republic over the past week, Sberbank and VTB, together with the government and the Central Bank of the Russian Federation, in developing a program with 100% subsidized interest and acting as pilot credit organizations, approved applications for loans at 0% for 48 Tatarstan enterprises for a total of 104 million rubles. The funds will be used to save jobs and pay wages, which will help maintain employment in small and medium-sized enterprises.

“The Ministry of Economy and its subordinate structures will carefully analyze not only the absolute figures for approved loans, but also the ratio between received and satisfied applications from entrepreneurs. If we see that one bank is less loyal to its customers than others, we will separately deal with the reasons and work with each bank”, said Minister of Economy Midkhat Shagiakhmetov.

An application for obtaining an interest-free loan for payment of salaries can be submitted by enterprises of SMEs, of the sectors most affected by the coronavirus pandemic, an updated list of enterprises can be found here. In turn, the interest on loan will be paid from the federal budget, while for the borrower it will be zero. In case of extension of the loan for a period of more than 6 months, after the sixth - the interest rate is terminated, for the remaining period it remains preferential and amounts to 4%.

The loan amount is calculated as follows: 1 minimum wage in the region (for Tatarstan this indicator is 12 130 rubles + social contributions) * number of employees * 6 months.

For advice on affordable credit support measures for entrepreneurs of the Republic in the context of the spread of a new coronavirus infection, you can contact the Unified Credit Center created by the Ministry of Economy of Tatarstan by phone: +7 (903) 061-40-18