Five industrial enterprises of the republic received 212 million rubles through the Industrial Development Fund

Five industrial enterprises of the republic received 212 million rubles through the Industrial Development Fund. About how this kind of state support works, said in his Telegram channel Sergey Menyailo. The Fund provides preferential loan financing for the implementation of investment projects under two programs: regional (loans from 5 to 50 million rubles for a period of up to 5 years at 1-3%) and joint with the Federal Fund (loans from 10 to 200 million rubles for a period of up to 5 years at 3-5%). These funds are used for the creation, modernization and technical re-equipment of industrial enterprises, including the purchase of modern high-tech equipment. Preferential loans were received by companies engaged in the production of furniture, stone slabs, reinforced concrete products, paper, monolithic structures and wall panels. “Industry development is a key factor in the region's economic growth. This year we plan to expand the range of services and increase the availability of financing for industrial enterprises of the republic, the head of the republic said.

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