The Ministry of Economy provides businesses with credit holidays

As part of the anti-crisis package of republican support measures, the regional Entrepreneurship Support Fund (Fund) subordinated to the Ministry of Economy of the Republic of Tatarstan will provide businesses with credit holidays under existing microloan agreements. The measure will reduce the financial burden on businesses in the current conditions of sanctions pressure.

Credit holidays under existing microloan agreements make it possible to suspend the borrower's performance of its obligations for up to 6 months (grace period). The measure is of a declarative nature, for its receipt it is necessary to apply to the Fund before September 30.

The borrower can also, instead of suspending the performance of obligations, within the specified period, take advantage of a reduction in monthly payments for the same period - up to 6 months.

Holidays are provided under agreements concluded before March 1 of the current year. This tool is available for entrepreneurs operating in industries approved by Decree of the Government of the Russian Federation No. 337, which includes more than 70 types of activities. Support is available both for the main OKVED and for the additional one, with documentary evidence of income from the specified type of activity.

According to the terms of the program, the amount of deferred interest after the end of the credit holidays is added to the principal debt, and the payment schedule is recalculated.

To date, the Entrepreneurship Support Fund of the Republic of Tatarstan has satisfied 29 applications for granting credit holidays in the amount of 82.07 million rubles.

You can apply for participation in the program by sending a scan of the application to the e-mail of the Tatarstan Entrepreneurship Support Fund: info@fpprt.ru.

For all questions, you can contact the regional representatives of the Fund (contact information is available on the website in the My Business Center section), as well as by calling the hotline: 8 (843) 524-90-90.