This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

Sberbank will support a program of soft loans for entrepreneurs

Sberbank will support a program of soft loans for entrepreneurs
Vladimir Putin proposed to launch a special credit program to support employment in Russia from June 1. Enterprises from industries affected by coronavirus restrictions and socially oriented NGOs will be able to issue a concessional loan at 2% per annum. This information was commented on in Sberbank: the deputy chairman of the bank's board Anatoly Popov said through the press service that the bank expects to issue loans under the new state program for 300 billion rubles, of which Sberbank may account for a third.

Sberbank will issue soft loans to all segments without restrictions from industries affected by the coronavirus pandemic. The loan amount is determined by the number of borrower employees multiplied by the minimum wage and the number of full months until December 1, 2020 from the date of the loan. It will be possible to repay the loan until March 2021.

The program provides for the possibility of prolongation, subject to a number of conditions, which are aimed at maintaining the number and confirming the effective operation of the company. As Anatoly Popov noted, the new state program differs from the previous target program in that it has no restrictions on the number of company employees. According to the bank's calculations, enterprises with a total number of employees of about seven million can apply for a loan under the program.

“Sberbank has planned the first pilot transactions in the coming weeks, and the mass launch will take place on June 1,” said Anatoly Popov.

September 23: current information on coronavirus in the Far East
Digest of regional events and latest statistics