Bashkiria will receive more than 273 million rubles of subsidies to support small and medium-sized enterprises

UFA, 10 March 2016. /Bashinform News Agency, Galiya Nabieva/. More than 273 million rubles of federal subsidies for state support of small and medium-sized businesses are allocated for Bashkortostan. The order on the allocation of funds was signed by the Chairman of the Russian Government Dmitry Medvedev.

The funds are allocated under the state program "Economic Development and Innovative Economy". Subsidies in the amount of 9.61 billion rubles will be distributed among the budgets of the RF subjects.

Owners of peasant (farmer) households will receive them too. It is explained on the website of the Cabinet that during funds distribution it was taken into account the share of the resident population in the subject of the Federation as of January 1 of the reporting year, the level of budget sufficiency and effectiveness of the subsidies granted in 2014, as of October 1, 2015.

The subsidies should contribute to increasing the capitalization of state programs of the federal subjects and municipal programs for the development of small and medium-sized businesses. This will expand the range of small and medium-sized businesses, which will be provided financial support.