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Million SMEs will be able to get help from the government

Million SMEs will be able to get help from the government
Photo: pixabay.com

About a million small and medium-sized enterprises of the country will be able to receive assistance from the federal budget. Entrepreneurs affected by restrictive measures due to a pandemic may apply for direct free grants.

This statement was made by Russian Prime Minister Mikhail Mishustin at a government meeting, which will consider the rules for the allocation of financial assistance. Information about this is posted on government website. He noted that its size will be one minimum wage per employee. The company’s money can be used, first of all, to pay salaries.

The Ministry of Finance experts predicted that in two months about 1 million small and medium-sized enterprises will be able to take advantage of such a measure of support. Together, they will be able to claim 80 billion rubles. The main condition is to keep at least 90% of employees compared to March.

Mishustin also announced the expansion of the program of interest-free lending to businesses from affected industries. Now not only small and micro-enterprises can join it, but also larger ones. In this regard, banks will be additionally allocated funds to reimburse lost income - 3,5 billion rubles.
September 28: current information on coronavirus in the Far East
Digest of regional events and latest statistics