The state decided to lend to small businesses on preferential terms

In Russia, launched a new program for concessional lending to small and medium-sized businesses, according to the website of the Ministry of Economic Development of Russia, with reference to the words of the deputy head of the department Oleg Fomichev.
Under the new program, banks and other lending institutions will receive subsidies from the federal budget for reimbursement of lost income on loans that were granted this year to small and medium-sized businesses at a reduced rate.
The volume of credit borrowing that can be provided under this program may reach 50 billion rubles, Fomichev noted.
The subsidy of the reimbursement program itself will be calculated taking into account the difference between the Bank of Russia key rate indicator on the date of payment of the subsidy and the interest rate that the mega-regulator established under the "Program 6.5" (the program for stimulating small business loans by banks).
Agreements on the provision of funds will be concluded with banks in July this year, specified in the Ministry of Economic Development.