Tatarstan became the first region of the country in the framework of a pilot project to increase the volume of government loans for businesses

Along with the Perm Region, the Republic of Tatarstan became the first regions in the framework of a pilot project to increase the volume of government loans to businesses. In the coming months, other regions of the country will join the project, which will maximize the coverage of financial support measures. Financial support is provided under the national project "Efficient and Competitive Economy". 

Entrepreneurs of Tatarstan and Perm Region can receive loans at preferential rates in the amount of 5 million rubles from state microfinance organizations (GMFO) through the SME.RF digital platform, operated by the SME Corporation. Investment loans for manufacturing and agricultural companies, as well as the hotel business, are available in the Perm Region at a rate of 5% per annum for up to 15 million rubles for a period of up to 5 years to purchase new equipment. Tatarstan businesses can receive a loan at a rate of 7% for up to 15 million rubles for a period of up to 4 years, secured by trademarks, patents, and software. 

"The digital platform expands the pool of opportunities as a single window for SME development measures, increasing business access to financing on favorable terms. The new project removes the previously existing limit on the loan amount of 5 million rubles and makes it possible to implement larger-scale projects. You can receive financial support remotely online," said Alexander Isaevich, CEO of SME Corporation. 

He stressed that the Republic of Tatarstan and the Perm Region were the first regions in the framework of a pilot project to increase the loan volume. In the coming months, other regions of the country will join the project, which will maximize the coverage of financial support measures.

The service "Selection and receipt of microfinance" was launched on SME.RF in the fall of 2023. By the end of 2024, over 7.5 thousand micro-loans worth more than 18 billion rubles were issued. The average loan amount was 2.4 million, the average loan term was 2.6 years, and the weighted average interest rate was 7.5%, which is 2-3 times lower than the interest on bank loans. The average period from the moment of application submission to the conclusion of the contract is 14 days.