Since the beginning of 2021, rural entrepreneurs of Tatarstan have received 1.7 billion rubles of loans thanks to guarantee support

Since the beginning of the year, rural entrepreneurs of Tatarstan have been given 1.7 billion rubles of borrowed funds for business development.  The Guarantee Fund subordinate to the Ministry of Economy of Tatarstan acted as a guarantor for loans. 

Comprehensive support of the villagers is a priority direction of the republic's leadership. This is reflected in the support programs created in view of the needs of the business. In order to provide financial support to entrepreneurs registered and operating in rural areas, a special preferential product of the Guarantee Fund has been developed and is being successfully implemented in Tatarstan, called "Entrepreneurship in rural areas", for which the sponsorship reaches 70% of the loan amount, and its maximum amount is up to 5 million rubles.  

"The task of the Guarantee Fund is to help a significant number of entrepreneurs who do not have enough of their own pledge of collateral to receive credit funds. By providing our guarantee, we help rural entrepreneurs to attract additional financing for business development. Since the beginning of the year, we have supported 31 enterprises within the framework of the preferential product "Entrepreneurship in Rural Areas", said Rustem Mukhamedshin, Director of the Guarantee Fund of the Republic of Tatarstan.

In addition, other programs of the Guarantee Fund are available to entrepreneurs of Tatarstan. Since the beginning of the year, the Fund has supported almost 200 entrepreneurs in the amount of 856 million rubles, which allowed them to attract more than 5 billion rubles of credit funds to their business.