The Ministry of Economy of the Republic of Tatarstan issued a microloan under the “Reset” program in record period - in a few hours

The Entrepreneurship Support Fund, subordinate to the Ministry of Economy of the Republic of Tatarstan, issued a microloan under the “Reset” program in record time. It took only 3 hours from the moment of submitting the application to transferring funds to the entrepreneur’s account. An individual entrepreneur engaged in the manufacture of furniture made an application for a microfinance product to expand production on the ФАСТТРЕК.РФ portal.

The ФАСТТРЕК.РФ portal is a unique republican project created to simplify the access of entrepreneurs to support measures and interaction with government agencies in the online space. The portal operates in a “single window” format, one can submit an application and track the progress of its execution remotely in the user's “Personal Account”. It should be noted that at present, most applications for obtaining microloans are made through the portal.

Let us recall that the issuance of microloans under the “Reset” program has been carried out since August 24, and has become available thanks to a package of support measures for SMEs developed by the Ministry of Economy of the Republic of Tatarstan and approved by the President of the Republic. Additional measures are aimed at restoring and reviving the economy of the republic and have been developed based on a new approach to their selection and assessment, which will allow businesses to cut costs at the time of getting out of the current economic situation.

The preferential microfinance product provides for the possibility of obtaining a loan in the amount of 300 thousand to 5 million rubles for up to 3 years. The loan is available for all categories of SMEs employed in the real sector of economy. According to the terms of the program, the microloan will be issued for any expenses justified by the borrowers for business purposes. The issuance of a loan in a short time occurs when the borrower provides a full package of documents, as well as if, upon receipt of a microfinance product, the guarantee of the Guarantee Fund of the Republic of Tatarstan and the assessment of the collateral are not expected.