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100 billion rubles will be added to loans to affected SMEs in Russia

100 billion rubles will be added to loans to affected SMEs in Russia
Photo: pixabay.com

100 billion rubles will be added to provide loans to Russian entrepreneurs affected by anti-virus measures. The funds will go to the VEB.RF state corporation, which will distribute them among the recipients.

This instruction gave President Vladimir Putin to the government of the Russian Federation. Organizations and individual entrepreneurs working in the most affected sectors of the economy, as well as socially oriented NGOs, are entitled to soft loans. You can spend money on urgent needs to support and maintain employment and resume activities.

After the appeal of Sberbank with a request to increase the limit on the state program of lending to entrepreneurs, to support employment, the head of the Bank of Russia Elvira Nabiullina announced that such an increase is justified. According to her, the demand will certainly exceed the previously established limits.

In April, Sberbank launched a massive acceptance of applications for loans at 0% for individual entrepreneurs on a salary. The program is designed to support businesses affected by coronavirus restrictions.

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