Small and medium-sized enterprises support is increased by 60 percent in Bashkortostan

UFA, 23 March 2016. /Bashinform News Agency, Galina Bakhshieva/. The Bashkortostan's Government has increased the funding of the state program "Development and support of small and medium-sized businesses". The costs of the program were increased from 2.74 to 4.47 billion rubles, or by more than 60 percent.

As the press-service of the Government reports, the increase was due to all sources of financing. In 2013, when this program was adopted, it was planned that the federal budget would allocate 1.97 billion rubles. Today, this amount is increased to 3.36 billion rubles. The volume of investments from the republican budget increased from 775.2 million rubles to 1.09 billion.

The program envisages development of innovative financial technology support to small and medium-sized businesses, promotion of youth entrepreneurship entities in creation of business projects and business ideas, measures to raise the prestige of business, delivery and service of high-tech equipment for the infrastructure of innovative activity.