This new mechanism of state support provides the opportunity to obtain loans at a rate of about 5% on farm machinery, road construction machinery and food machinery. The whole procedure for consumers is very simple. With the application for a concessional loan must apply to a Bank that participates in the program. The Bank sends the documents to the Ministry of industry and trade and concludes agreement for grants on subsidized loans. On the credit institution shall be fully accepted obligations for implementation of the subsidy mechanism, including the paperwork.
In a relatively short time the action of the state support program participants were Sibsotsbank, PJSC VTB, Sberbank, Gazprombank, Bank Zenit, Bank "Saint Petersburg", Severgazbank, the Bank of conversion "Snezhinskiy", Bank URALSIB, Bank Vozrozhdenie, Bank "Center-invest".
The head of the Ministry of industry and trade of Russia Denis Manturov said that terms of concessional lending provide an opportunity to small and medium farmers who use agricultural machinery, not only to reduce the financial burden from the payment of interest, but also to direct additional funds for business development.
Director of the Association "Rosspetsmash" Alla Elizarova believes that the resolution of the government No. 163 has already proved its high efficiency. This measure of state support of specialized engineering, along with other existing industry programs must be maintained. The popularity of concessional lending will continue to grow, especially take into account the simplicity and clarity of this mechanism.
Translated by service "Yandex.Translation"