BUSINESS IN MORDOVIA RECEIVED ALMOST ONE AND A HALF BILLION RUBLES OF PREFERENTIAL INVESTMENT LOANS
The Ministry of Economic Development of the Russian Federation summed up the results of the implementation of the preferential loan program “1764” for 10 months of 2023, which is being implemented within the framework of the national project “Small and Medium-sized Enterprises”.
Small and medium-sized enterprises in Mordovia received more than 1.4 billion rubles under the combined program of preferential investment lending during this period. A total of 91 loan agreements were concluded. This program is being implemented by combining the “1764” program of the Ministry of Economic Development and the TLC of the Bank of Russia and the SME Corporation.
Over 70% of the volume of concluded contracts fell on 5 systemically important banks out of 95 banks participating in the Program.
The average check for loans issued in 2023 is 21.8 million rubles, which is 2.4 times higher than the average amount of loans issued for the same period in 2022. The main increase was achieved due to the demand of SMEs for preferential investment loans.