Industrial SMEs of Tatarstan will be able to receive preferential investment loans at a rate of 3-4.5%

Small and medium enterprises from the sphere of manufacturing, agricultural processing, logistics and hotel business will have access to loans for investment purposes. Rates for medium-sized businesses will be 3%, for small and micro businesses - 4.5%. The grace period for the loan is 5 years.

The launch of the new program will be possible by combining two preferential programs: subsidizing the interest rate of the Ministry of Economic Development "1764" and funding (PSK) implemented by the Bank of Russia and the SME Corporation. As part of the pilot implementation, by the end of 2022, the volume of the new program will amount to up to 50 billion rubles. It will be operated by the SME Corporation.

The fine-tuning of the program has expanded access to concessional financing for small and micro-enterprises. As a result, about 18,000 loan agreements worth more than 170 billion rubles were concluded this year. This is 3,000 more than in all of 2021. In the Republic of Tatarstan, the volume of lending under this program amounted to more than 1 billion rubles.