Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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The Cabinet of Ministers will allocate 38,5 billion rubles for grants to SMEs

The Cabinet of Ministers will allocate 38,5 billion rubles for grants to SMEs
Photo: pixabay.com

The Russian government will allocate 38,5 billion rubles for grants to small and medium-sized businesses and socially oriented non-profit organizations. Acceptance of applications will begin on November 1.

According to the press service of the Russian government, applications from coronavirus-affected SMEs and NGOs will be accepted within a month and a half. Funds will begin to flow from November 15th.

The support measure is provided for representatives of the HORECA segment, additional education, sports, culture and entertainment, and consumer services. The company will receive one minimum wage for each employee.

Loans up to RUB 300 million with government guarantees will be issued for up to 18 months. In the first six months, the entrepreneur will not pay off the loan and interest on it. Support measures provided for three million small and medium-sized enterprises with the introduction of non-working days due to the rise in the incidence of coronavirus. 

November 29: current information on coronavirus in the Far East
Digest of regional events and latest statistics