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Cabinet softens requirements for lending residents in Far Eastern Federal District banks

Cabinet softens requirements for lending residents in Far Eastern Federal District banks
Photo: pixabay.com
Special project TORA and Free Port
Prime Minister Mikhail Mishustin signed a decree on easing conditions for credit organizations that will provide loans to residents of priority development areas in the Far East. Mitigation affected one condition.

According to the government’s decree, now banks wishing to issue soft loans to residents of the TOP and SOP in the Far East will be able to count on relief. So, if earlier for participation in preferential lending of investment projects, the minimum amount of capital was one billion rubles, now this threshold has been reduced to 300 million rubles.

Banks providing loans at preferential rates for residents of TOP and SPV are provided subsidies from the federal budget for reimbursement of lost income. This measure of investor support has been introduced since 2020.
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