Over the past year, small and medium-sized agribusiness attracted 13.6% more loans with the support of the SME Corporation

Small and medium agribusiness in 2022, with the support of the SME Corporation (Federal Corporation for the Development of Small and Medium Enterprises), attracted 13.6% more loans than in 2021. According to a press release from the corporation, the amount of borrowed loans exceeded 25 billion rubles. In 2021, it was equal to 22 billion rubles, thus, the growth was 13.6%. In total, this business attracted over 1.9 thousand loans from partner banks, or four times more than a year earlier. “Support for domestic agricultural producers is one of the important areas of work for the SME Corporation. Under the Lending Stimulation Program (LSP), implemented jointly with the Bank of Russia, small and medium-sized agricultural enterprises received almost 400 loans last year for a total of 7.4 billion rubles. Another 18.3 billion credit funds were allocated to SME farmers with guarantees and guarantees, under which they attracted more than 1.5 thousand loans. Medium…