Nizhny Novgorod Entrepreneurs to Receive 5 Million Rubles Soft Loans

Concessional loans will be available to Nizhny Novgorod entrepreneurs in 2021 as part of the “Small and Medium Enterprises and Support for Individual Entrepreneurial Initiatives” national project, the press service of the regional government reports.   

According to the Deputy Governor of the Nizhny Novgorod Region, Andrey Sanosyan, this measure of state support is in great demand, because it allows companies to fill the financial deficit, purchase equipment, and cover costs. In addition, a preferential regional microloan is provided, from 50 thousand rubles. It is specified that the maximum amount of a concessional loan is 5 million rubles.

It is also noted that up to 5 million rubles can be obtained under the programme of concessional loans at a rate of 1 per cent to 10 per cent. The lowest rate is provided for participants in the register of social enterprises, residents of technology parks, women entrepreneurs, as well as for companies employing people with disabilities, parents with many children, and retirees.

Ru-Main, 26.02.2021 

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