Small and medium-sized businesses in Bashkiria received financial support for 14 billion rubles

Prime Minister of the Government of Bashkiria Andrey Nazarov wrote on social media about the development of small and medium-sized businesses in Bashkiria and the financial support measures provided by the republic in cooperation with the federal center. Thus, over eight months, small and medium-sized businesses in the republic received financial support for 14 billion rubles under all preferential lending programs.

“Preferential lending programs are implemented within the framework of the national project “Small and Medium Enterprises and Support for Entrepreneurial Initiative.” This instrument is in great demand among entrepreneurs in the region since loans are issued at low-interest rates,” wrote Andrey Nazarov.

Thus, under the Ministry of Economic Development of the Russian Federation and preferential lending program, 28 agreements were drawn up for a total loan amount of 2.3 billion rubles. The primary recipients of state support were micro-enterprises (43.2%), small (43.9%), and medium-sized (12.9%) enterprises in the manufacturing industry, hotel business, and other areas of business.

“Under 93 lending incentive agreements, small and medium-sized businesses in Bashkiria received 3 billion rubles. Trade, manufacturing, and construction enterprises mainly used this support measure. Also, over the 8 months of this year, 417 agreements were drawn up for a total loan amount of 8.5 billion rubles under the preferential lending program. Regarding the number of contracts concluded and preferential financing received, our republic ranks 5th in the Volga Federal District,” noted the Prime Minister of the Government of Bashkortostan.

Earlier, Bashinform News Agency reported that entrepreneurs in Bashkiria can receive grants to implement innovative projects.

Author: Roman Yakimchuk