Tatarstan entrepreneurs received 721 million rubles under "FOT 3.0" program

At the moment, under the new preferential loan program at 3% – "FOT 3.0", banks have satisfied 272 applications from Tatarstan entrepreneurs in the amount of 721.3 million rubles.

The state program aimed at restoring business from the affected sectors and further maintaining employment in these areas, was launched on March 9. In total, at the moment, entrepreneurs of the republic have submitted 790 applications for attracting concessional financing for a total amount of more than 2.8 billion rubles.

Let's recall that "FOT 3.0" program replaced the similar program of the Government of the Russian Federation "FOT 2.0", its implementation will continue until July 1, 2021.

Under the terms of the program, the final rate on a business loan is 3%. 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 those industries that have been significantly affected by the pandemic – hotel and restaurant business, cultural sector, tourism, sports and entertainment. 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 is calculated based on the full-time number of employees working in the organization – the minimum wage (12.792 rubles) for each employee for 12 months. At the same time, the maximum loan amount should not exceed 500 million rubles. The loan agreement must be concluded by July 1.

15 banks represented in Tatarstan joined the program: 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, PAO Sovcombank, GPB Bank (AO), AO ALFA-BANK, PAO ROSBANK and AKB Energobank A total of 36 Russian banks have been accredited to participate in the program.