According to the report of SME Corporation, small and medium-sized Russian enterprises received almost 92.5 billion rubles for 10 months of 2023 under a unified preferential investment loan program. More than 950 businesses benefited from the program this year.
It was noted that the program was implemented by combining the “1764” program of the Ministry of Economic Development with the PSK of the Bank of Russia and the SME Institution.
First Deputy Chairman of the Government of the Russian Federation Andrei Belousov emphasized that the implementation of the preferential loan program allows enterprises to start new investment projects, expand production, produce import substitution products and create new employment.
“These are all tools for developing the supply-side economy; this is the task given to us by the president of the country,” he added.
In turn, the Minister of Economic Development of the Russian Federation, Maxim Reshetnikov, announced that, despite the increase in the key rate, the PSK+1764 program retains preferential conditions for small and medium-sized enterprises operating in manufacturing, logistics, hotel management, as well as professional, scientific and technical activities.
Mikhail Mamuta, head of the Service of the Bank of Russia for the Protection of Consumer Rights and Ensuring the Availability of Financial Services, said that next year the Lending Incentive Program limit will be fully transferred to the implementation of the PSK mixed program. . “It is planned that banks will provide annual loans of up to 100 billion rubles to priority investment projects for SMEs until 2030,” he said.
“Under the PSK+1764 program, small and medium-sized enterprises in the manufacturing sector actively collected funds for 10 months of 2023. Here, 670 companies received support worth over 53 billion rubles. Another 162 businesses from the transportation and storage sector received approximately $26.6 billion for their projects. A total of 11.4 billion rubles of investment loans were extended to 109 companies from the hotel industry. Enterprises engaged in scientific and technical activities also received 1 billion,” said Alexander Isaevich, General Director of SME Corporation.
It is stated that within the scope of the program, small and medium-sized enterprises operating in priority sectors can receive privileged financing between 50 million and 2 billion rubles for investment purposes. The loan is provided with a maturity of up to 10 years, with a grace period of 5 years.
The preferential investment loan program “PSK+1764” is implemented within the framework of the national project “Small and Medium Enterprises” initiated by Russian President Vladimir Putin and supervised by First Deputy Prime Minister Andrei Belousov.