Entrepreneurship Support Fund issued the first microloan under the program for students and graduates “Start”

Entrepreneurship Support Fund subordinate to the Ministry of Economy of the Republic of Tatarstan issued the first microloan under the “Start” program. The issuance of microloans at a reduced rate for students and graduates of republican universities became available thanks to the 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, aimed at economic recovery.

The first loan at a preferential, equal to key rate of the Central Bank of the Russian Federation was issued to a young entrepreneur, a graduate student of KGASU from Aktanysh. The funds received will be used to expand the business. The loan amount was 300 thousand rubles for a period of 24 months.

Let us remind you that the “Start” microloan was developed for students and graduates of universities in Tatarstan. The program allows you to get start-up capital for starting a business without raising your own funds. Under the terms of the program, a microloan is issued for any expenses justified by the borrowers for business purposes. The loan amount is from 100 to 500 thousand rubles for a period of 3 to 24 months at an interest equal to 4.25%. 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 free of charge a product certification service, financial support in organizing participation in exhibitions in Russia and assistance in placing goods on electronic trading platforms, which also interested the Aktanysh entrepreneur, who plans to enter the KazanExpress and Wildberries marketplaces.

“The process of collecting and submitting documents was easy and did not cause any difficulties, thanks to the help of the regional representative of the Entrepreneurship Support Fund in Aktanysh, the whole process took a day, documents were submitted yesterday, and today I received money to expand my activities”, said the young businessman.

The loan application documents were submitted through the ФАСТТРЕК.РФ portal. The portal was created for quick access to measures to support small and medium-sized businesses in Tatarstan and operates in a “single window” format or by contacting the Entrepreneurship Support Fund. You can get advice on current support measures for business in the Republic by calling: 8 (843) 524-90-90.