The industrial mortgage program will be launched in autumn. This was announced on Wednesday, June 28, by Russian Prime Minister Mikhail Mishustin.
“We believe that by the autumn we will definitely work out this regime completely and launch it. And the rate will be 5%. I think it will be a good help for our industry,” he said during a conversation with the residents of the technopark.
Mishustin visited the Iksel industrial technopark in the city of Kirzhach, Vladimir Region. There, the Prime Minister got acquainted with the production and talked with its residents.
On June 17, Russian President Vladimir Putin instructed to work out and launch an industrial mortgage at 5% per annum. The Russian leader stressed that enterprises that plan to buy ready-made areas for production will be eligible for such loans.
The head of state instructed the government to “not delay” and work out all the details of the program with the banking sector so that the industrial mortgage would work in full soon.
On April 18, the Ministry of Industry and Trade announced that industrial mortgages could spread to small and medium-sized businesses in Russia. Thus, the head of the department, Denis Manturov, held a meeting with residents of the Synkovo technopark in the Moscow region, at which the participants were offered to implement such a support measure. He noted that residents of industrial parks from among small and medium-sized businesses could use it.
