Projects worth up to RUB 7.5 billion to be eligible to apply for interest rate subsidies

11 April 2018, Wednesday

Routines for granting subsidies from the Russian Ministry of Industry and Trade are also being digitised. Corresponding amendments are introduced to the Resolution of the Russian Federation Government No. 3 regulating the procedures for subsidising interest rates for the implementation of new investment projects.

Loan proceeds should be used to implement integrated investment projects in priority areas of civil industries. According to the amendments, the total cost of an investment project has been raised from RUB 5 billion to 7.5 billion; for projects covered by a special investment contract, up to RUB 10 billion.

All procedures related to filing of applications, exchange of documents, monitoring and supervision of compliance with the terms of granting subsidies, have now been digitised. Electronic interaction will be implemented through the State Information System of Manufacturing Industry, which is intended to accelerate bureaucratic processes and enhance transparency and effectiveness of this support mechanism.

Subsidies are granted on the condition that the project is included in the list of integrated investment projects in priority areas of civil industries. Appropriate selection is carried out by the Russian Ministry of Industry and Trade at least once during a calendar year.

SUBSCRIBE FOR NEWS
All content on this site is licensed under
Creative Commons Attribution 4.0 International