The rates on microloans for social entrepreneurs were halved in Tatarstan

21 June 2021, Monday

The Entrepreneurship Support Fund (ESF), subordinated to the Ministry of Economy of the Republic of Tatarstan, has reduced the rates on microloans for socially oriented SMEs "Social Entrepreneur" to ½ of the key rate of the Central Bank of the Russian Federation at the time of conclusion of the microfinance agreement.

Previously, the maximum rate on the product was equal to the key rate of the Bank of Russia. Financial support is provided within the framework of the "Small and Medium-sized Enterprises and support for individual entrepreneurial Initiative" national project.

Let us recall that the microfinance product was developed by the Ministry of Economy of the Republic of Tatarstan and is aimed at helping businesses focused on solving social problems and tasks.

Entrepreneurs from among the social entrepreneurs who have passed the acceleration program in the current calendar year and carry out activities aimed at achieving socially useful goals, as well as contributing to the solution of social problems of society and citizens, can count on receiving a microloan.

In addition, a social entrepreneur must be registered as an SME and operate in the territory of the Republic of Tatarstan, if the above requirements are met, the borrower can receive a microloan from 100 thousand to 5 million rubles for any reasonable business purposes for up to 24 months.

Also, a deferred payment of the principal debt for up to 12 months is available to the entrepreneur. The Guarantee Fund of the Republic of Tatarstan is ready to provide a guarantee in the amount of up to 50% of the microloan amount.

An application for a microloan can be submitted through the "MFC for Business" or regional representatives of the Entrepreneurship Support Fund, represented in almost all municipalities of the republic. Contact information for regional representatives can be found on the website https://fpprt.ru/ in My Business Center section.

An application for a microloan can also be submitted online on the FASTTREK.RF portal. The portal was created to facilitate entrepreneurs' access to support measures and interaction with government agencies in the Internet space. The portal operates in a "single window" format – one can track the receipt and progress of the application remotely in the "Personal Account".

To get advice on this and other business support measures in force in the republic by phone: 8 (843) 524-90-90.

 

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