Tatarstan entrepreneurs submitted applications for "FOT 3.0" program in the amount of more than 1 billion rubles

Since March 9, a new preferential loan program at 3% has been launched throughout the country. Its aim is to restore business from the affected industries and further maintain employment in these areas. At the moment, 328 applications for the total amount of 1.013 billion rubles have been received from entrepreneurs of the republic under the "FOT 3.0" program.

Let us recall that the program "FOT 3.0" replaced the similar program of the Government of the Russian Federation "FOT 2.0", operating during the pandemic and the restrictive measures caused by it. The 2% loan program was in high demand among Tatarstan entrepreneurs. The number of applications received from businesses of the republic under the new program also indicates its high popularity, clarity, transparency and convenience of the lending mechanism for businesses.

According to the terms of the support program, the final rate on the loan for business will be 3%, the state subsidizes banks with 6% – 75% of the amount of the principal debt and interest on it is covered by "VEB.RF" guarantee of the state corporation. The loan is issued for a period of up to 12 months, while during the first half of the year the borrower will not pay the principal and interest on the loan, while in the second half of the year it can be done in equal parts monthly.

Not only small and medium-sized businesses can participate in the program, but also large companies from the least recovered industries – hotel and restaurant business, cultural sector, tourism, sports and entertainment. As in the case of "FOT 2.0", access to financing at a preferential rate for micro and small enterprises is carried out according to the main or additional OKVED codes, medium and large – only according to the main one.

The amount of the loan depends on the number of employees in the organization. The maximum loan amount will be calculated based on the minimum wage (12.792 rubles) for each employee for 12 months, with a maximum of 500 million rubles. 

36 Russian banks joined the program, 15 of them are represented in Tatarstan, including 3 republican banks: PAO Sberbank, PAO AK BARS BANK, PAO VTB, PAO Promsvyazbank, AO Raiffeisenbank, AO AB ROSSIYA, AO MSP Bank, PAO Bank FC Otkritie, OOO KBER Bank of Kazan, AO Rosselkhozbank, AO Sovcombank, GPB Bank (AO), AO ALFA-BANK, PAO ROSBANK and AKB Energobank

7.7 billion rubles were allocated from the Reserve Fund of the Russian Federation for the implementation of the program. According to the Government of the Russian Federation, 75 thousand enterprises, where 1.5 million people are employed, will be able to use the mechanism.