Entrepreneurs in Tatarstan applied for loans under a new preferential program in the amount of more than 3.8 billion rubles

Since the launch of the new concessional lending program under Decree No. 1420 of the Government of the Russian Federation dated August 16, 2022, 34 applications have been submitted in the republic in the amount of more than 3.8 billion rubles. In total, 250 million rubles were issued for two applications.

Thanks to the national project "Small and Medium Enterprises and Support for Individual Entrepreneurial Initiatives", businesses received the opportunity to receive loans at 3 and 4.5% per annum for investment purposes. The corresponding resolution was signed by the Prime Minister of the Russian Federation Mikhail Mishustin.

It was possible to set interest rates below the key one thanks to the combination of interest rate subsidies within the framework of the national project for the development of small and medium-sized businesses (1764 program) and concessional funding under the Lending Stimulation Program (LSP), which is implemented jointly by the Bank of Russia and the SME Corporation.

Loans from 50 million to 1 billion rubles for investment purposes can be obtained by small and medium-sized enterprises in manufacturing, agriculture, hotel business, transportation and logistics. Reduced rate - 3% for medium businesses and 4.5% for small and micro businesses. Grace period of crediting - up to 3 years.

You can apply for a loan by submitting an application at one of the 18 banks represented in the Republic of Tatarstan, as well as on the SME Digital Platform. The benefit program is valid until the end of 2022.

A complete list of banks participating in the federal program, as well as OKVED codes, is available on the website of the Ministry of Economy of the Republic of Tatarstan.