The volume of state financial support for business in Tatarstan exceeded 10 billion rubles

The assistance was provided by the regional financial institute for business support - the Entrepreneurship Support Fund. Preferential financing is provided to SMEs of the republic within the framework of the national project "Small and medium-sized enterprises".

Over 10 years of activity, the support institute has issued almost 5 thousand microloans worth more than 10 billion rubles. The Tatarstan Fund is one of the three most effective similar state organizations in the country in terms of capital and issuance volume and is subordinate to the Ministry of Economy of the Republic of Tatarstan. 

"The leadership of the republic, together with the Ministry of Economy and the Fund's specialists, are working to improve the mechanism for providing services and business support measures based on the principles of client-centricity. Thus, the deadline for consideration of applications for preferential financing has been reduced from 180 days in 2018 to 3-5 days in 2024, which allows the business of the republic to promptly and timely raise funds for the development of projects," said the First Deputy Minister of Economy of TatarstanNatalia Kondratova. 

Currently, the Fund's portfolio includes 7 financial products, including specialized ones to support companies with its members and partner products. The interest rate on products ranges from 1 to 9.5% per annum, which increases the availability of government financing for businesses in the context of an increase in the key rate of the Central Bank of the Russian Federation. The support covers various business areas - exporters, manufacturing enterprises, residents of industrial parks, technology companies and others.

Preferential financing allows small companies and micro businesses to receive up to 5 million rubles, startups up to 3 million rubles at a discounted rate for up to three years. The support is implemented within the framework of the national project "Small and medium-sized enterprises". 

In 2024, the Fund began to support entrepreneurs within the framework of a pilot project on partner (Islamic) financing. The Fund has two products in its arsenal, Murabaha-Assistance and Ijara-Production Development, developed jointly with the Russian Islamic Institute and approved by the Council of Ulama of the Republic of Tatarstan. Under these programs, entrepreneurs of the republic received support in the amount of over 100 million rubles. 

You can apply for support online on the portal "SME.RF". There you can get acquainted with the necessary package of documents. Or directly at the Entrepreneurship Support Fund. 

It should be recalled that state support for business and the self-employed in the Republic of Tatarstan is implemented by the Ministry of Economy of the Republic of Tatarstan and subordinate support institutions within the framework of the national project "Small and Medium-sized Entrepreneurship".