IDF has financed 8 large investment projects of enterprises in Bashkiria year to date

The Industrial Development Fund of Bashkiria has summed up the results of its work for the first half of 2021, the press service of the republican government informs.

"For six months, the Fund, with the participation of funds from the republican budget, financed eight investment projects of industrial enterprises, including one joint, with a total budget of 676 million rubles and the amount of loans issued in 106.6 million rubles," Anver Karimov, general director of the IDF of Bashkiria said. "The expected effect is 521 million rubles in tax revenues. The number of new jobs is 45".

According to him, two more investment projects are already ready for financing and will be approved by the Fund's Supervisory Board in the very near future.

"To date, the total amount of loans at the expense of the IDF of Russia has reached 5.5 billion rubles. Of these, 846 million rubles are funds from the Industrial Development Fund of Bashkiria. The number of new jobs has already exceeded 4.9 thousand, with the plan being 1.3 thousand," Anver Karimov added at a meeting of the IDF Board of Trustees of Bashkiria.

In total, from 2018 to 2020, the Fund financed and supported 43 investment projects implemented by industrial enterprises of the republic. The total volume of investments in the economy of Bashkiria amounted to 14.3 billion rubles.

As Bashinform previously reported, the Industrial Development Fund offers preferential terms for co-financing projects aimed at the development of new high-tech products, import-substitution, leasing of production equipment, implementation of machine-tool projects, digitalization of existing industries, production of high-tech civilian or dual-use products by defense industry enterprises, production of components, product labeling and increased productivity.

For the implementation of new industrial projects within the federal IDF system, targeted loans are provided at a rate of 1% and 3% per annum for up to 7 years in the amount of 5 million to 2 billion rubles, stimulating the inflow of direct investments into the real sector of the economy.