The Expert Council of the Industrial Development Fund of the Krasnodar Territory approved loans for 272 million rubles to industrial enterprises of the region, the press service of the regional administration reported.

A total of 11 loans were approved.

For example, the company "VMV" for the disposal of hazardous waste and the production of plastics intends to allocate 8.5 million rubles for the purchase of equipment for the line for the processing of polypropylene waste and the production of polymer granules. Financing will be provided for five years at 3% per annum. In addition, the company was issued a loan of 6.2 million rubles for three years at 4% per annum for the purchase of raw materials for the production of pellets.

About 90 million rubles were approved for the southern heavy machine tool plant. Among others, loans under the program were received by the V.V. Vorovsky Tikhoretsky Machine-Building Plant, Agroimport, Agrospetsmash,Alfa Chemical Group" and others.

The Industrial Development Fund of the Krasnodar Territory offers targeted loans to industrial entities at preferential rates from 0.1% to 4% per annum for a period of three to 10 years in the amount of 3 to 200 million rubles. To date, the Fund has 14 programs of preferential loan financing for industrialists. Of these, 10 programs are funded by the fund independently, four programs receive co-financing from the federal fund.

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Author: Ulyana Lutskevich
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