Microloans for the self-employed citizens have become more accessible in Tatarstan

Subordinate to Ministry of Economy of Tatarstan, entrepreneurship support Fund has changed the terms of the microloan under the "Self-employed" program, in particular, reduced the minimum rate on the loan, and also relaxed the conditions for the provision of pledged collateral.

Today about 110 thousand self-employed citizens are registered in Tatarstan. President of the Republic of Tatarstan Rustam Minnikhanov appealed to intensify their all-round support at the enlarged meeting of the Collegium of the Ministry of Economy.

Support for the self-employed is provided within the framework of the "Small and Medium-sized Entrepreneurship and Support for individual entrepreneurial Initiative" national project.

The issue of microloans to the Tatarstan self-employed has become one of the programs to support payers of the "Self-employment tax" and is being conducted starting from December 1, 2020. Initially, according to the terms of the program, the loan rate was 6 % per annum for all categories of self-employed citizens.

Currently for Tatarstan self-employed persons implementing priority projects in single-industry towns of the Republic, the rate is 1/2 of the key rate of the Bank of Russia established on the date of conclusion of microloan agreement – if there is pledged collateral or a key rate at the date of conclusion of the microloan agreement with no pledged collateral.

For the rest of the self-employed, in the presence of pledged collateral, the rate is equal to the key Central Bank of the Russian Federation, effective on the date of conclusion of the microfinance agreement, in the absence of pledged collateral – 6%.

As for the pledged collateral – it will not be required if the loan amount does not exceed 100 thousand rubles, in other cases – the terms of the collateral are calculated for the borrower on an individual basis. At the same time, entrepreneurs of the Republic of Tatarstan have the opportunity to use the bond of the Guarantee Fund in the amount of 50% of the amount of the microloan. 

The remaining terms of the program remained unchanged. The "Self-employed" microloan is designed for individuals who are not individual entrepreneurs and apply a special tax regime – "Self-employment tax". At the same time, the borrower must be registered as self-employed for at least 6 months and choose Tatarstan the territory of doing business, the age of the borrower at the time of repayment of the loan should not exceed 65 years.

For citizens who meet the requirements of the program, up to 500 thousand rubles are available for a period of 3 to 24 months for any expenses justified by the borrowers, necessary for the implementation of activities, the income from which is subject to the "Self-employment tax".

Applications for a microloan are accepted by subordinate to the Ministry of Economy of the Republic of Tatarstan "Entrepreneurship Support Fund". The application can also be submitted through the "MPSC for Business" or regional representatives of the Entrepreneurship Support Fund, represented in almost all municipalities of the republic. Contact information for regional representatives can be found on the website https://fpprt.ru/ in the My Business Center section.