Within the framework of the national project, entrepreneurs of Tatarstan received microloans totaling 552.4 million rubles

3 August 2020, Monday

More than 334 small and medium-sized businesses received financial support.

Since the beginning of 2020, the Entrepreneurship Support Fund of the Republic of Tatarstan, a subordinate organization of the Ministry of Economy of the Republic of Tatarstan, has issued 334 microloans. The entrepreneurs received financial support in the total amount of 552.4 million rubles.

The overwhelming majority of microloans were issued to entrepreneurs working in the service sector (122 microloans). Financial support was also provided to the manufacturing sector (70 microloans), wholesale (40 microloans) and retail (37 microloans) organizations, agricultural enterprises (32 microloans), and construction companies (32 microloans).

185 microloans were issued to SMEs under the one-percent concessional microloan program for a total amount of 206.2 million rubles. It should be noted that the microloan at 1% began operating in April this year. It was included in the package of republican measures to support SMEs, approved by the President of the Republic of Tatarstan Rustam Minnikhanov, and is aimed at supporting SMEs from those sectors of the economy that were not included in the list of effected enterprises, but also experienced negative crisis consequences.

Financial support was provided to businessmen within the framework of the regional project “Expanding the access of SMEs of the Republic of Tatarstan to financial resources, including concessional financing”, implemented within the framework of the national project to support entrepreneurship.

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