RT Prime Minister offered to restrict preferential credit margin of commercial banks for small entrepreneurship

The participants of cheap credit RT program of small and middle companies development committee and commercial banks are going to sign the agreement on stipulating loan terms of granting target credits for development of small and middle enterprises in Tatarstan. The decision has been taken up at the meeting in RT Cabinet held by PM Rustam Minnikhanov

Tatarstan will receive 3,5 billion RUR from JSC “Russian development bank” (100% subsidiary of “Vnesheconombank”) to support small and middle enterprises. “Ak Bars” Bank, “Spurt”, “Tatecobank”, “Tatfondbank”, “Bank of Kazan” to participate in the afore-mentioned program. Besides, the Leasing Company of small business obtains the means as well.

PM Rustam Minnikhanov offered to restrict preferential credit margin of commercial banks within 4-6 % (4-4,5 % for circulating assets, 6% to start the business). Moreover, he considers that representatives of small and middle enterprises development committee should take part in the meetings of bank credit committees where they might present the government - support projects.