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28 February, Friday

Ufa   °

"My Business" centers will appear in all cities and districts of Bashkiria by 2024

Economy/Business

UFA, 20 January 2020. /Bashinform News Agency/ translated by Tatiana Aksyutina/.

"My Business" Entrepreneurship Support Centers will appear in all areas and cities of Bashkiria by 2024. It was reported by the head of the Republican State Committee for Entrepreneurship Rimma Boytsova at a briefing session in the regional government.

"In 2019, two "My Business" centers opened in Ufa, one in Neftekamsk. By 2024, the opening of such centers is planned in all cities of Bashkiria. Currently, mobile offices are leaving for the districts; consultations were conducted in 52 municipalities", the department head said.

Besides, business sheriffs — deputy heads of business administrations also advise on obtaining support for the development.

Rimma Boytsova also reported on measures of financial support for entrepreneurs.

In 2019, about 855 million rubles were provided as part of the "Small and Medium-Sized Enterprises and Supporting Entrepreneurship Initiatives" national project in Bashkiria. 896 million rubles were allocated for the implementation of the "Development and Support of Small and Medium Enterprises" state program.

"In general, more than 1.2 billion rubles were allocated to support small and medium enterprises in Bashkiria in 2019," said Rimma Boytsova.

These funds were aimed at creating favorable conditions for entrepreneurship, providing support for growing new companies and developing new industries, facilitating the entry of regional enterprises into new markets, including foreign ones, and providing access to financial support, including preferential financing.

In particular, the Bashkir Microcredit Company was capitalized for 170 million rubles, and this allowed 313 SMEs to receive financing in the total amount of 524.5 million rubles at a rate of 6.25 percent per annum, in single-industry towns the rate was 3.125 percent.

Moreover, commercial banks issued more than 7.5 billion loans to 142 SMEs under the program of concessional lending to small and medium-sized enterprises with the support of the Ministry of Economic Development of Russia. The Regional Leasing Company funded 38 projects worth 426 million rubles.

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