Tatarstan entrepreneurs received 419.0 million rubles from banks at 0% for employee remuneration

For the current period in Tatarstan, five banks approved 201 applications from entrepreneurs included in the list of sectors most affected by the coronavirus pandemic for loans at 0% for the remuneration of employees totaling 419.0 million rubles.

Let us recall that this measure of business support became available due to the fact that the Ministry of Economic Development of the Russian Federation last week signed an agreement with Russian banks on subsidizing loans for salary payment. In particular, 15 banks represented in Tatarstan joined the program, another 6 republican banks submitted applications and are awaiting accreditation.

SMEs from the most affected sectors of the economy can apply for an interest-free loan for paying salaries. In turn, the interest on loan will be paid from the federal budget, while for the borrower it will be zero. An interest-free loan is issued for a period of 6 months, in the case of a loan for 1 year, a preferential rate of 4% will be applied for the remaining months.

In turn, 1,426 applications from Tatarstan entrepreneurs were received by 19 banks for restructuring loans in total amount of 22,743.8 million rubles; 860 applications were approved in the amount of 14,853.2 million rubles, the rest are under consideration by banks.

Earlier, the Minister of Economy of Tatarstan Midkhat Shagiakhmetov emphasized the need to carefully analyze not only the absolute figures for restructured and interest-free loans, but also the ratio between applications received and satisfied from entrepreneurs. Also conduct individual work with each bank and deal with the reasons for a possible decrease in customer loyalty.