The Ministry of Economic Development has launched a new program of preferential lending to SMEs

The Ministry of Economic Development of the Russian Federation informs about the provision of subsidies from the federal budget to Russian credit institutions to reimburse their lost income on loans issued in 2017 for small and medium-sized businesses at a discounted rate.

This work is being carried out to expand lending by banks to SMEs and increase the volume of investment loans to small and medium-sized entrepreneurs. Subsidies are distributed in accordance with the Decree of the Government of the Russian Federation No. 674, which defines a new program of preferential lending to SMEs as an additional mechanism to "The program 6,5".

For implementation in 2017 the year provides for more than 350 million rubles. The total amount of loans granted to SMEs under the Reimbursement Program in 2017 The year should be 50 billion rubles.

The amount of the subsidy under the Reimbursement Program for credit institutions will be calculated based on the difference between the value of the key rate of the Bank of Russia. (9%) as of the date of payment of the subsidy and the value of the interest rate set by the Bank of Russia for "The program 6,5".

Loans to SMEs are provided on terms similar to "The program 6,5". Only loans for investment purposes issued under the following conditions will be eligible for compensation.: the rate for medium and small businesses 9,6% and 10,6% Accordingly, the loan term is up to 5 years, the loan amount from 5 million rubles before 1 billion rubles.

The list of authorized banks under the Program includes PAO "Sberbank of Russia", VTB Bank (PJSC) and JSC "Rosselkhoznadzor".