Contracting of loans from the Regional Industrial Development Fund (RIDF)
Description
Autonomous Institution Industrial Development Fund of the Chuvash Republic of the Ministry of Industry and Energy of Chuvashia offers favorable conditions for co-financing projects aimed at the development of new high-tech products, technical re-equipment, expansion and increase of production of competitive products.
Terms
Program "Industry"
| Amount of a loan | from 25 to 500 Mio rubles |
| Term | up to 5 years |
| Co-financing | from 50% of the total cost |
| Loan interest | 3% per annum, minus 2% if there is bank guarantee |
Program "Upgrade"
| Amount of a loan | from 5 to 50 Mio rubles |
| Term | up to 5 years |
| Co-financing | at least 20% of the purchased equipment cost |
| Loan interest | 3% per annum, minus 2% if there is bank guarantee |
Program "Investment Activity"
| Amount of a loan | from 25 to 500 Mio rubles |
| Term | up to 5 years |
| Co-financing | from 50% of the total cost |
| Loan interest | 3% per annum, minus 2% if there is bank guarantee |
Program "Collective Loans"
| Amount of a loan | from 10 to 100 Mio rubles |
| Term | up to 5 years |
| Co-financing | from 50% of the total cost |
| Loan interest | 3% - base rate; 1% for the first 3 years if there is bank guarantee; minus 2% of the base rate in case of purchase of Russian equipment |
Procedure
Sending the application form
An investor applying for a loan selects a loan program in the "Personal Investor's Cabinet", fills in a loan application and a project summary for rapid assessment by the Industrial Development Fund.
Document check
The Fund conducts rapid assessment for the compliance of the applicant and the project with the requirements of the Fund, sends a notification about the need for modification or that the project meets the requirements of the Fund and is sent to the Entrance examination.
The investor uploads documents for the entrance examination in accordance with the list of the Fund. Manager of the Fund accepts the documents.
Taking a decision
The application is considered at the meeting of the Expert Council, which decides on the possibility/impossibility of granting a loan. The conditions on which the decision was made shall be sent to investor.
Contacts
Autonomous Institution Industrial Development Fund of the Chuvash Republic of the Ministry of Industry and Energy of Chuvashia