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The government financed support for small and medium business in the regions

Власти профинансировали поддержку малого и среднего бизнеса в регионах

The national head of the Cabinet Dmitry Medvedev signed the order about distribution of subsidies to the subjects of the Russian Federation for state support of small and medium enterprises.

Under the state program “Economic development and innovative economy” between the regional budgets allocated subsidies in the amount of 9,61 billion. The money will be spent, including, on the support of peasant (farm) holdings.

“The decision will help to increase capitalization of state programs of subjects of Federation and municipal programs aimed at the development of small and medium enterprises. This will allow to expand the circle of subjects of small and medium-sized businesses, financial support will be provided”, – emphasized in the government.

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