Tatarstan again reduced interest rates on microloans for businesses by several points at once

Following another reduction in the key rate of the Central Bank of the Russian Federation to 9.5%, the Entrepreneurship Support Fund subordinated to the Ministry of Economy of the Republic of Tatarstan lowered interest rates on microfinance products for business, returning them to the values ​​that were in effect before the increase in the Central Bank's rate to 20 points. The decision is due to the increased availability of concessional financing for business development in Tatarstan.

The changes affected several products at once. We are talking about the most popular microfinance program "Assistance", here the rate is reduced from 9% per annum to 5.5%, the program is designed for the widest possible range of recipients and allows you to attract up to 5 million rubles for up to 2 years.

"Import substitution" is another product affected by the easing of conditions, here the rate has been reduced from 9 to 5%. A microloan of up to 5 million rubles for a period of up to 3 years is suitable for SMEs from the fields of agriculture and manufacturing to find replacements for goods, raw materials and materials produced in unfriendly countries using the resources of the Republican Marketing Center.

Also, the rates on microloans for residents and management companies of industrial parks of the republic and social entrepreneurs have been reduced to 4.5%. They have access to financing up to 5 million rubles for a period of up to 3 years. The rate for export-oriented SMEs has dropped to 5.5%, they can apply to the Federal Tariff Service of the Republic of Tatarstan for attracting preferential financing up to 5 million rubles for 3 years with the lowest possible rate of 0.1%.

In total, the portfolio of the Entrepreneurship Support Fund subordinated to the Ministry of Economy of the Republic of Tatarstan includes 6 microfinance products, with an interest rate of 0.1 to 5.5% per annum. Microloans cover all areas of entrepreneurial activity - social entrepreneurs, exporters, self-employed, farmers, manufacturing enterprises and others. You can apply for a microloan at the new rate from June 14.

Entrepreneurs can apply for microloans electronically 24/7 through the FASTTRACK.RF portal.

For advice on all existing support measures, entrepreneurs of the republic can contact the My Business Center of the Tatarstan Entrepreneurship Support Fund: 8 (843) 524-90-90.