THE NATIONAL PROJECT PROVIDES AN OPPORTUNITY FOR BUSINESSES IN MORDOVIA TO ACCESS PREFERENTIAL LOANS
From 2021 to 2023, 234 guarantees totaling over 1.2 billion rubles were provided to small and medium-sized enterprises (SMEs), with the volume of loans attracted amounting to over 2.4 billion rubles. Additionally, 876 microloans were issued for more than 1.8 billion rubles.
Financial support within the framework of the national project “Small and Medium-Sized Enterprise Development and Support for Individual Entrepreneurial Initiative” is provided by state microcredit companies: the Microcredit Company of the Entrepreneurship Support Fund of the Republic of Mordovia and the Autonomous Institution “Regional Microfinance Center of the Republic of Mordovia”.
The maximum amount of microloan that representatives of SMEs can receive for a term of up to 3 years is 5 million rubles. The minimum interest rate is 1%, while the maximum rate does not exceed 11.5%.