Tatarstan entrepreneurs received 720 million rubles thanks to republican microfinance support programs

Since the beginning of the year, under the microfinance programs implemented by the Entrepreneurship Support Fund subordinate to the Ministry of Economy of the Republic of Tatarstan within the framework of the national SME project, the republic's business has attracted loans in the amount of over 720 million rubles.

Currently, there are 4 preferential microfinance products for entrepreneurs of the republic. The one percent microloan was launched during the pandemic and is aimed at supporting SMEs from those sectors of the economy that were not included in the list of effected, but also experienced the negative crisis consequences.

Starting from August 24, an additional package of support measures began to operate in Tatarstan aimed at restoring and reviving the republic's economy, which included 3 more preferential microloans. The “Reboot” program provides for the possibility of obtaining a loan in the amount of 300 thousand to 5 million rubles for a period of up to 3 years. According to the terms of the program, a microloan is available for all categories of SMEs engaged in the real sector of the economy and is issued for any business expenses justified by the borrowers.

Microloan “Start” was specially developed by the Ministry of Economy of the Republic of Tatarstan to support students and graduates of universities who plan to open their own business. You can apply for a microloan for any business expenses justified by the borrowers. The loan amount is 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 for graduates for 12 months after graduation from the university, while registered within 6-12 months as SMEs.

A microfinance product “Development” has been developed for export-oriented SMEs. According to the terms of the program for this group of recipients, the purpose of the loan should be the implementation of export activities. 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.

Today, the Entrepreneurship Support Fund has already satisfied 450 applications for microfinance in the amount of 720 million rubles, 27 million rubles of which are loans that were included in the additional package of measures.

It should be noted that at present the majority of applications for obtaining microloans are made through the ФАСТТРЕК.РФ portal. Thanks to the work of the portal, in some cases only a few hours pass from the moment of submitting the application to the transfer of funds to the account of the entrepreneur. The ФАСТТРЕК.РФ portal is a unique republican project and was 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, you can submit an application and track the progress of its execution remotely in the user's “Personal Account”.

You can get advice on current support measures for business in the Republic by calling: 8 (843) 524-90-90.