Attention of representatives of small and medium businesses

25 September 2017, Monday

Since 28 April 2017, the city of Kazan adopted and being implemented a municipal programme to support SMEs in 2017-2019. Under this programme, as a financial support tool, the municipality provides assistance to business people from Kazan in the form of subsidising part of the interest rate on the loans.

Businesses operating in priority areas can receive a loan of up to RUB 10 million for up to three years at 9.5%, and the Kazan Executive Committee will subsidise 5% of the loan agreement rate during the first two years of operation.

The priority areas of activities include such sectors as manufacturing, innovation, housing and communal services, waste collection, treatment, and disposal, recycling, consumer services, education, health care, physical education and sports, culture, public catering, domestic tourism, etc.

Businesses operating in highest-priority areas can get a loan of up to RUB 10 million for up to five years at 9.5%, while the Kazan Executive Committee will subsidise 7.5% of the loan agreement rate for the first three years of operation.

The highest-priority areas include the organisation of private kindergartens, hostels, hotels, mini-hotels, and the production of folk craft articles.

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