Applications for a total amount of 26.2 million rubles have been approved to receive subsidies to pay the interest rate on a loan

30 July 2020, Thursday

More than 26 million rubles of subsidies were received by Tatarstan entrepreneurs. The program implemented by the Ministry of Economy is aimed at reimbursing part of the costs associated with the payment of interest on loans, the total amount of which amounted to 6.17 billion rubles. It is worth noting that these funds are compensation for interest on the loan for the 2nd quarter of this year, entrepreneurs can use the subsidy program in the 3rd quarter, which will significantly reduce the loan burden.

Financial support was provided by a subordinate institution of the Ministry of Economy of the Republic – State Public Institution “Center for Implementation of the Program for Support and Development of Small and Medium-Sized Businesses of the Republic of Tatarstan” within the framework of the program “Subsidizing part of the costs associated with the payment of interest on loans attracted from Russian credit institutions”.

To date, 131 applications have been accepted for this program. Entrepreneurs from Kazan, Naberezhnye Chelny, Bugulminskiy, Zelenodolskiy and 19 other regions of the republic apply for subsidies.

The main conditions for obtaining are the following:

- the main activity of an SME entity is not included in the list of activities specified in the Decree of the Government of the Russian Federation No. 434 dated April 3, 2020 “On approval of the list of sectors of the Russian economy that are most affected by the worsening situation as a result of the spread of a new coronavirus infection”;

- the turnover on settlement accounts of the SME subject fell by more than 30% compared to the average monthly turnover on the settlement account for 2019;

- the SME entity retained the number of jobs at the time of application submission by at least 90%, compared to March 2020;

- the SME entity is registered with the Federal Tax Service of the Republic of Tatarstan no later than December 01, 2019.

The maximum amount of the subsidy per recipient is 1.5 million rubles per year.

Consultation on the program can be obtained by phone: 8 (843) 222-57-50.

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