The Industry Development Fund has increased its participation in financing industrial projects from 70% to 90% within the framework of joint loans with regional industrial development funds (RDIF) of the Far Eastern Federal District, the press service of the Russian Ministry of Industry and Trade said.

It is also noted that the Supervisory Board of RDF has decided to reduce the minimum loan amount for industrial enterprises of the Far East from 20 to 10 million rubles. These changes will affect the three joint programs "Development Projects", "Components" and "Productivity".

Now there are five RFRPs operating in the FEFD. The total budget of the DFD regional funds for 2021 amounts to 561 million rubles. Thus, with joint financing of industrial enterprises the "federal shoulder" may exceed 5 billion rubles, the ministry noted.

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Author: Maria Buzanakova