Small business in Tatarstan to get compensation of interest rates on credits more easily

Session of Council of trustees of RT Investment-venture fund chaired by RT Prime Minister Ildar Khalikov was held in RT Cabinet. Measures on supporting small and medium entrepreneurship were discussed at the session. Much emphasis was put on creation of mechanisms and conditions for work of innovative companies.

After session Director of RT Investment-venture fund Ainur Aideldinov told about measures on supporting small and medium business. By his words, one way is compensation of interest rates. Head of IVF noted that program of compensation of interest rates has been realized in republic for 2 years. Because of financial crisis innovative activity of entrepreneurs has decreased.

On today’s session some alterations have been made in regulations by which the list of subjects pretending to get compensation of interest rates will enlarge. Companies working in construction, transport and service spheres were included into this list.

For information: compensation of interest rates for using bank credits is provided on contest basis to legal persons including subjects of small and medium entrepreneurship regardless of organizational-legal form of property which are registered on the territory of Tatarstan and realize projects in priority economic sectors.

See detailed clause about compensation on official site of RT Investment-venture fund ivf.tatar.ru.