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To support small and medium-sized businesses in Russia, an Agency for Credit Guarantees was established.
Russian Prime Minister Dmitry Medvedev signed a decree on the creation of a credit guarantee agency, which will deal with issuing guarantees to support small and medium businesses. This is reported on the government portal.
The agency is created in the form of a non-bank credit and deposit organization. Its authorized capital is 50 billion rubles. - these are funds from the anti-crisis reserve. The capital is divided into 5 million shares with a par value of 10 thousand rubles each.
For five years, it is planned to provide small and medium-sized businesses with loan guarantees for 880 billion rubles. and conclude 7,7 thousand warranty contracts.
The document on the creation of the Agency of credit guarantees states that the agency will become the core of the national system of guarantee organizations.
On the creation of a guarantee fund, Medvedev said 21 April, speaking in a report before the State Duma. The head of government said then that in 2014. Subsidies to support small and medium-sized businesses reached 21,5 billion rubles.