Business of Tatarstan with payroll 3.0 loans will receive a deferral of up to six months while maintaining a preferential rate

More than 30 thousand companies in the country last year during the period of covid restrictions received loans at 3% under the program of the Ministry of Economic Development, can apply to the bank and take a deferment of payments on these loans for any period within 6 months. There are more than 1160 such companies in Tatarstan.

The Government allocated an additional 1 billion rubles for these purposes. The corresponding order today, April 14, was approved by the Prime Minister of the Russian Federation Mikhail Mishustin. According to the Minister of Economic Development Maxim Reshetnikov, more than 30,000 companies-borrowers have received the right to receive a deferral of up to six months for the payment of principal and interest on payroll 3.0 loans.

“In total, over 40,000 loan agreements for more than 145 billion rubles have been concluded during the program. To date, almost 300 borrowers with a loan portfolio of 1.4 billion rubles have already applied to banks for a deferment,” Maxim Reshetnikov said at a meeting of the Government of the Russian Federation. He also recalled that payroll 3.0 loans made it possible to support the operating activities of catering, culture, sports and entertainment enterprises, hotels and travel agencies, and save at least 740,000 jobs.

Tatarstan is one of the leaders in terms of the amount of support received by entrepreneurs under the Payroll 3.0 program in 2021. 1163 entrepreneurs from the republic received preferential loans. Business representatives of Tatarstan received support in the amount of more than 4.3 billion rubles.

Recall that loans under the payroll 3.0 program were issued for up to 18 months, of which the first 6 months the borrower was exempt from paying principal and interest, and over the next 12 months he could repay the loan monthly in equal installments. Now, taking into account the deferment that can be issued at the bank until September 30, 2022, the maximum loan term under the payroll 3.0 program has increased to 2 years. At the same time, the borrower is obliged to retain 90% of the employees of the number that was fixed in his loan agreement at the time of its conclusion. Additional funds allocated by the Government will allow payroll 3.0 borrowers not only to take a deferred payment from the bank, but also to maintain a preferential rate of 3% for the entire period.