Funds will be spent on the development of my business centres, where one-stop shop is available for start-up and business. State-owned microfinance and regional guarantee organizations will also be funded to enable entrepreneurs to obtain concessional micro- loans and guarantee support when credit resources are not secured.

Prime Minister Mikhail Misustin stressed the importance of developing the infrastructure to support small and medium-sized enterprises in Donetsk and Lugan People ' s Republics, as well as in the Zaporoz and Herson regions.

" Work is under way to conclude grant agreements with the regions. By the end of June, funds should be brought to the entities. To date, necessary regional legal instruments are being prepared to grant subsidies to regional organizations, My Business Centres, Guarantee and Microfinance Organizations. The funds provided would focus on the provision of services and support to entrepreneurs, including local residents, who paid a tax on professional income to citizens who were only planning to start their business " , noted the Deputy Minister for Economic Development of Russia, Tatiana Ilouchnikov.

" The regular funding we have received plays a special role in our work. It will enhance business support and further develop entrepreneurship in the region. I am sure that this will have a positive impact on the economy and strengthen the position of our entrepreneurs.” The Vice-President of the Government, Vladimir Zverkov, commented.

He said that the Donetsk People ' s Republic had already received funding for that purpose last year. This has led to the establishment of a small and medium-sized enterprise support fund, the establishment of my business centre, a regional guarantee organization, a microcredit company.
" Now, small and medium-sized enterprises, self-employed persons can obtain microcredits and micro loans, bank guarantees without their own collateral, " emphasized Vladimir Zverkov.

Source of photo: https://ru.freepik.com/

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Entrepreneurs are supported by the Maloy and Middle Entrepreneurship Project.