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Economy/Business
18 November , 15:32

Raising funds to support business discussed at Investment Hour session

At the meeting in the government of Bashkiria in the format of an Investment Hour session they discussed the results of attracting funds from SME Corporation JSC to support entrepreneurial activities.

The SME Corporation, together with the Ministry of Economic Development of the Russian Federation, has launched a new program of concessional lending to small and medium-sized businesses, thanks to which it is possible to obtain concessional financing for investment purposes at 2.5-4% per annum. The republic organized wide information about the program of concessional lending. Municipalities have compiled a list of 129 projects, with a total planned investment of about 35 billion rubles, with a request for borrowed funds of 19 billion rubles. Credit institutions have taken 77 projects for consideration, the amount of project investments is 14 billion rubles, with a request for borrowed funds for more than 4 billion rubles. Loans worth more than 1 billion rubles have been approved for 10 projects, and loans worth 197.6 million rubles have been issued for 5 projects.

Earlier, Bashinform News Agency talked about support measures available to small and medium-sized businesses in Bashkiria.

Author: Roman Yakimchuk

Translated by:Tatyana Aksyutina
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