Krasnodar, 20 Мay. The industry development and micro-financing funds will reportedly be topped up in the Kuban region.
According to the press service of the regional administration, soft credits from regional development institutions are becoming more and more popular. Say, the total amount of the loans issued by the Micro-Financing Fund under a 6.5% rate, has grown by 55% since the beginning of the year, compared with the same period of 2021. By now, 364 loans have been issued to the total amount of nearly 850 million roubles. Meanwhile, the Industry Development Fund has approved and financed 35 applications to over a billion roubles.
Commenting on this initiative, Governor Veniamin Kondratiev said: “Additional money and soft loans let the business sector develop and upgrade their production facilities and keep up jobs. This is why, we will increase the volume of the Micro-Financing Fund by 300 million roubles to 3.5 billion roubles. By the end of the year, the Industry Development Fund will also be topped up to five billion roubles.”
