The Bank of Russia is increasing the aggregate limit on the mechanism of support for lending to small and medium-sized enterprises from 288.3 to 320 billion rubles from January 9, 2024. Of these funds, RUB 256 billion are intended for systemically important credit organizations.
The increased limit will allow banks -participants of the mechanism to provide in 2024 investment loans for up to 100 billion rubles under a combined program combining two subsidies under the 1764 program implemented by the Ministry of Economic Development of Russia and preferential funding under the Lending Incentive Program of the Bank of Russia and SME Corporation.
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