5 million rubles will be spent in Bashkortostan to form a fund to support investment initiatives

UFA, 20 August 2015. /Bashinform News Agency, Arthur Basyrov/. In Bashkortostan, 5 million rubles will be spent to form a fund to support investment initiatives. The money from the regional budget will be allocated in the framework of the state program "Development and support of small and medium enterprises in the Republic of Bashkortostan". It is reported by the press service of the Government RB.

Earlier it was decided to form a regional fund to support investment initiatives for providing loans to small businesses. Loans will be granted on a competitive basis. Their maximum size is 500 thousand rubles at 10% per annum with a maturity of up to three years.

At the initial stage a pilot project will operate in the territory of Trans-Urals and in the north-east of the republic.