Over 6.4 thousand enterprises of Tatarstan used preferential loans to maintain employment

Implementation of the program on concessional lending at 2%, aimed at supporting employment, was completed on November 1, the. Since the beginning of its implementation, the Program has shown high demand among Tatarstan entrepreneurs, whose activities are classified as sectors of the economy affected by the pandemic. In total, under the program, banks in the republics issued 6,497 loans worth over 13.6 billion rubles.

Let us recall that concessional lending was launched in May this year in response to restrictive measures caused by the pandemic and is designed for companies from affected industries and socially oriented NPOs (included in the register of SO NPOs).

The entrepreneur had to send the money received to carry out entrepreneurial activities, including the payment of salaries to employees, or the entrepreneur could repay previously taken loans, including an interest-free loan for labor remuneration.

It should be noted that the main condition for concessional lending was the preservation of employment. If the condition was met, the final rate on the loan for consumers was 2%, the rest was subsidized by the state. Also, under the terms of the program, the interest on the loan did not require monthly repayment, it was capitalized - it was added to the principal debt and will be paid at the end of the term of the loan agreement together with the “body” of the loan. The maturity date of the concessional loan is June 30, 2021.

At the same time, enterprises that have retained at least 90% of employees compared to the number of employees as of June 01, 2020, the loan will be written off along with interest - the entire amount will be paid by the state. If at least 80% of employees remain in the state, the borrower will only have to repay half of the loan and interest on it. According to the Ministry of Economic Development of Russia, as of September of this year, 95% of borrowing enterprises comply with the requirements for maintaining the number of full-time employees.