Medvedev has adjusted subsidies “Rostec”

Medvedev has adjusted subsidies “Rostec”


KOLOMNA, on March 15. Prime Minister Dmitry Medvedev has adjusted subsidies “Rostec”, the Planck project co-financing by companies has been reduced from two thirds to one third. He stated this at a meeting of the Presidium of the Council on economy modernization.

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“Another decree, which I signed, now on the road to Kolomna, adjusts the rules of granting subsidies of the state Corporation “rostech” – said the Prime Minister. – Taking into account the changed conditions in the financial markets plank of co-financing by companies is reduced from 2/3 to 1/3″.

According to the Prime Minister, it will expand the number of companies who have such support in conditions should be provided. He added that the plan of action to support the economy by 2016 there is a position of support of producers of means of production. However, the volumes and sources of financing are yet to be determined.

“Yesterday I signed a government resolution which approved the rules of provision of subsidies to Russian industrial development Fund (over 1.2 billion) earmarked to Finance this year’s development projects serial production machine tool products”, – Medvedev said.

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According to the explanatory note to the government decision on the procedure for granting subsidies to the Russian Fund of technological development on the creation of serial production machine tool products, this year will be allocated 1,267,2 billion roubles from the Federal budget to support this industry segment.

“It is expected that in the coming year will create at least seven to nine new productions with total investment of about 4.5 billion rubles and with an average payback period of about six years”, – stated in the message the press service of the Cabinet.

To implement the most effective projects for the creation of such serial production it is proposed to use a flexible instrument of concessional lending targeted funding machine tool industry.

Thus, through the above-mentioned subsidies from the Federal budget RFTD will provide targeted loans to Russian legal entities and individual entrepreneurs for the production of machine tool products. Thus, according to the signed decree, in the case of non-compliance with the conditions of providing subsidies, the money should be returned to the budget.

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