A conference on carrying out the programs for small and medium-sized business support in Investment and Venture Fund of the Republic of Tatarstan

On July 16, 2009, there was a conference on carrying out the programs for small and medium-sized business support with representatives of the banks-partners in Investment and Venture Fund of the Republic of Tatarstan. Realization and completion of the program “Deposits placement in the authorized banks to provide financial resources for medium-term crediting of the small business entities, implementing the projects in the real economy sector” was summarized, and the report on carrying out the program “Guarantee fund for ensuring obligations performance of the small business entities in the Republic of Tatarstan”  was rendered.

As of July 1, 2009, 271 borrowers were given the credit for an overall amount of 800,3 mln. rub. on the program “Guarantee fund for ensuring obligations performance of the small business entities in the Republic of Tatarstan”; the sum of guarantee granted by the Fund makes up 335,8 mln. rub. Small enterprises in the sphere of services - 42,1%, production - 41,3 %, construction -  8,5%, and farming - 8,1 % became the main participants of the crediting program “Guarantee Fund”.

On the program “Deposits placement in the authorized credit organizations (banks) to provide availability of financial assets for medium-term crediting of the small business entities, implementing the projects in the real economy sector,” 454 borrowers were given the credit for an overall amount of 921,5 mln. rub.; the sum of guarantee granted by the Fund makes up 125,6 mln. rub.