Tatarstan entrepreneurs received more than 5 billion rubles of credit funds with state guarantees

Entrepreneurs of Tatarstan received 5.6 billion rubles of credit funds for business development. They received debt financing under the guarantee of the regional Guarantee Fund subordinate to the Ministry of Economy of the Republic of Tatarstan.

The main task of the Guarantee Fund of the Republic of Tatarstan is to increase the availability of borrowed funds for entrepreneurs, the Fund provides guarantees for obligations to credit and other financial organizations - banks, leasing companies, business development institutions.

The Garfond provides guarantees of up to 50 million rubles to small and medium-sized businesses and self-employed citizens who do not have sufficient collateral guarantee to receive credit funds. In total, since the beginning of 2021, the republican Guarantee Fund has issued 230 guarantees in the amount of more than 1.04 billion rubles, which allowed attracting 5.6 billion rubles of debt financing to small and medium-sized businesses.

The largest number of sureties falls on entrepreneurs from Kazan, Naberezhnye Chelny and the Tukayevsky district. Tatarstan entrepreneurs used credit funds to replenish current assets, purchase real estate, purchase seeds and repair agricultural machinery.

"We analyze entrepreneurs who have used our support, including in the context of industries. Most of the guarantees issued are in the spheres of trade and services, production and agriculture. We also study the current business needs. For example, a preferential product "Agro-drought" was promptly launched for farmers affected by the drought, " noted the director of the Guarantee Fund of the Republic of Tatarstan Rustem Mukhamedshin.

Let us recall that the new preferential product "Agro-drought" was developed for agricultural producers who suffered losses due to the abnormally hot summer in Tatarstan. Under the terms of the program, the Guarantee Fund provides a guarantee of up to 10 million rubles and up to 70% of the loan amount.