The Russian Ministry of Economic Development and authorized banks have signed the first agreements on subsidizing preferential loans for investment purposes to small and medium-sized enterprises in 2025-2030. A total of 17 organizations will provide funds for business development at reduced rates.
Deputy Minister of Economic Development of Russia Tatiana Ilyushnikova notes that loans with reduced interest rates will help entrepreneurs from priority industries invest in production development and scale their business faster. According to her, this will ensure the qualitative growth of the SME sector.
The loan amount ranges from 50 million to 2 billion rubles, the size of the preferential rate depends on the value of the key rate of the Central Bank of the Russian Federation. Loans are available to companies in four business areas: manufacturing, transportation and storage, tourism, information technology, and scientific and technical activities. Of the funds received, 80% can be used for capital expenditures, 20% for current expenses.
Olga Korosteleva, General Director of the Yenisei Siberia Development Corporation: “In conditions of high interest rates and the need for technological modernization, the preferential lending program can become a key tool for SMEs. It is especially relevant for companies that seek to innovate or expand production facilities, but face limited access to financing. It is important to carefully work out the business plan and clearly define the purpose of using the funds – this will increase the chances of approval of the application and the effectiveness of their application.”
For advice, please contact the Yenisei Siberia Development Corporation by phone: +7 (923) 322-33-07, e-mail: invest@ensib.ru .
Source(photo): ru.freepik.com