The Ministry of Economy of the Republic of Tatarstan has developed a preferential product for exporting companies

The Guarantee Fund of the Republic, subordinate to the Ministry of Economy of the Republic of Tatarstan, has launched a new preferential product "Agro-drought". It is designed for representatives of small and medium-sized businesses that supply products to foreign markets.

For this product, the Guarantee Fund issues a guarantee of up to 50 million rubles.  Guarantee support is provided to entrepreneurs with insufficient pledge collateral when they receive debt financing.

At the same time, the maximum amount of the Fund's guarantee can reach 60% of the loan amount. Within the framework of the product, there is also a preferential interest rate on remuneration – 0.5% of the amount of guarantee support provided.

The entrepreneur can direct credit funds under the guarantee of the Guarantee Fund for investment purposes and replenishment of working capital.

Since the beginning of the year, the Guarantee Fund has issued 233 guarantees in the amount of 1.06 billion rubles, which allowed attracting 5.7 billion rubles of credit funds to Tatarstan entrepreneurs.

In addition, there is a "Exporter" microfinance product for the export-oriented business of the republic. According to the terms of the program, the loan amount is up to 5 million rubles for a period of up to 24 months with an interest rate equal to 0.1% to the key rate of the Central Bank of the Russian Federation (5%) on the date of conclusion of the contract.