The Ministry of Economy of the Republic of Tatarstan launched additional measures to support business aimed at economic recovery

On August 24, the Ministry of Economy of Tatarstan launched additional measures to support business aimed at restoring and reviving the republic's economy. Today, a new approach has been formed to the selection and assessment of measures to support entrepreneurs, which will allow businesses to reduce costs at the time of getting out of the current economic situation.

The new package of measures is designed for the widest possible audience of entrepreneurs. The recipients of support can be organizations from the real sector of the economy operating in the sectors of agriculture, forestry, manufacturing, construction, information and communication and in other sectors of the economy. Also, support measures are aimed at university graduates, catering organizations, residents and management companies of industrial parks and sites, export-oriented small and medium-sized businesses, entrepreneurs who have loans in their portfolio aimed at investment purposes.

For export-oriented representatives of SMEs, as well as for small and medium-sized businesses implementing investment projects, a microfinance product “Development” has been developed. An entity can receive a microloan in the amount of 1 to 5 million rubles with a loan term of 3 to 24 months at an interest equal to half of the key rate of the Central Bank of the Russian Federation.

In addition, assistance in preparation and translation into foreign languages ​​of presentation and other materials is available for exporters. Assistance in certification of products and their placement on international electronic trading platforms. Export-oriented business representatives can get advice on business issues through the involvement of third-party specialized experts, support in participating in exhibitions and fairs in the Russian Federation and abroad, and other services provided by the Export Support Center subordinate to the Ministry of Economy.

Online commerce in the current environment is one of the priority areas of business development and the search for new sales channels. Thus, entrepreneurs selling products through electronic trading platforms, according to the new package of measures, can apply for both financial support and information and consulting assistance. For such entrepreneurs, free educational webinars on establishment and promotion of products on sites are held from marketplaces. As for financial support, entrepreneurs who sell goods through the e-commerce market can take advantage of free product certification, and they also have access to a service for free promotion of goods.

One of the categories of recipients of support, fixed by the new package of measures, are students and graduates of republican universities. The Start microloan has been developed for them, allowing them to open their own business without raising their own funds. Under the terms of the program, a microloan will be issued for any expenses justified by the borrowers for business purposes. The loan amount will be from 100 to 500 thousand rubles for a period of 3 to 24 months at an interest equal to the key rate of the Central Bank of the Russian Federation. The loan is available to graduates for 12 months after graduation, and the borrower must be registered as an SME for at least 6 months.

Also, graduates are provided with a free product certification service, financial support in organizing participation in exhibitions in Russia and assistance in placing goods on electronic trading platforms.

The package also includes a support measure available for all categories of SMEs employed in the real sector of the economy. We are talking about the microfinance product “Reload”. Under the terms of the program, the microloan will be issued for any business expenses justified by the borrowers. The amount of the microloan will be from 300 thousand to 5 million rubles with a loan term of 3 to 36 months at 6% per annum.

The Entrepreneurship Support Fund subordinate to the Ministry of Economy of the Republic of Tatarstan has begun accepting applications from businesses for microfinance products and other measures since August 24. In addition, the start of a program to subsidize the interest rate on loans on new terms will be announced in the near future. Support will be available to all of the above small and medium-sized businesses. Also, a preferential microfinance product “Construction” will operate for residents and management companies of industrial parks.