Tyumen authorities to subsidize interest rates on loans for business

Tyumen authorities to subsidize interest rates on loans for business


This year for subsidising interest rates on loans for business will be directed 350 million rubles, said the press officer of the Governor.

TYUMEN, 23 Oct. This year for subsidising interest rates on loans for business will be directed 350 million rubles, said the press officer of the Governor.

“Last year we gave out about 700 million roubles in loans through the Fund “Investment Agency of Tyumen region” for five years on good terms at 7% per annum. Recently a decision was made by Sberbank of Russia on the allocation of investmentsto 350 million rubles. We will subsidise the interest rate, it will remain at the same level”,- said the head of the region Vladimir Yakushev.

The Governor added that in the Tyumen region will continue to operate the program investmentsto regional “Guarantee Fund”, which provides guarantees to small and medium enterprises on their liabilities to banks, as well as the state program for the reimbursement of expenses on payment of the first installment at the conclusion of leasing agreements. Remains agriculture support will maintain subsidies for milk, the purchase of mineral fertilizers and breeding animals and others.

“Entrepreneurs need to encourage competent support. We have to be extremely careful to treat each budgetary ruble, because it is taxpayers ‘ money. Every budget rouble must work effectively”, — said the head of the field.

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