Tatarstan businesses received more than half a billion rubles of support under the "Reset" program

"Reset" microloan is still one of the most popular financial programs in Tatarstan. In total, since the beginning of the program, the businesess of the republic has received support in the amount of 509 million rubles.

Microfinancing is designed for the widest possible range of business representatives; it is possible to get a microloan for any costs justified by borrowers for entrepreneurial purposes. More than 250 SME engaged in the real sector of the economy have already applied to get a microloan to the Entrepreneurship Support Fund under the Ministry of Economy of the Republic of Tatarstan .

As a reminder, loans under the "Reset" program have been issued since August 24, and have become available due to the package of support measures for SME developed by the Ministry of Economy of the Republic of Tatarstan and approved by the President of the Republic. Measures to support the self-employed are implemented within the framework of "Small and Medium-sized Entrepreneurship and Support for individual entrepreneurial Initiative" national project.

The preferential microfinance product provides for the possibility of obtaining a loan in the amount of 300 thousand to 5 million rubles at 6 % per annum for a period of up to 3 years. The loan is available to all categories of SME engaged in the real sector of the economy.

"I applied to the Fund for a microloan in the amount of 500 thousand rubles to open my own business. With the support of the Fund I launched my own sportswear brand "Munrush". Thanks to concessional financing, I have purchased sewing equipment, tables, and fabrics and I am ready to enter a larger volume of production and wholesales. The Foundation's specialists helped prepare the documents. The Entrepreneurship Support Fund is our first aid in business," Guzel Hilaludinova, the founder of the brand "Munrush", shared her experience in obtaining microfinance.

The Business Support Fund also assists in the formation of a package of documents required for obtaining a microloan. When submitting your application request online, through the portal FAST TRACK in some cases, several hours pass from the moment of filing an application to the transfer of funds to the entrepreneur's account.

The loan is issued in a short period of time when the borrower provides a full package of documents, as well as if the collateral appraisal is not planned to be evaluated when receiving a microfinance product.