The government will consider improving the support mechanism for SMEs

© RIA Novosti / Ekaterina to Chesnokova in fotobounce to the House of the government of the Russian Federation. Archival photoThe government will consider improving the support mechanism for SMEs© RIA Novosti / Ekaterina to Tecnocovering the image Bank

The government of the Russian Federation at session on Thursday will consider a bill aimed at improvement of mechanisms of support of subjects of small and medium enterprises (SMEs), reported the press service of the Cabinet of Ministers.

The document expands and improves support SMEs, provide, in particular, with the participation of the Federal Corporation for development of small and medium enterprises (SME Corporation).

In order to ensure the possibility of assigning guarantees of SME Corporation the first category of quality the bill, in particular, to establish obligatory standards of activity of the Corporation, ensuring its financial stability, to secure the obligation of the Corporation to disclose information about compliance with standards and to provide verification of the compliance audit organization.

Provides an exhaustive list of permitted assets for investment and placement of temporary free funds of the Corporation to SMEs. Among them are debt obligations of the Russian Federation deposits with the Bank of Russia, deposits in credit organizations that meet the requirements of the government of Russia bonds Bank of Russia.

It is also proposed to establish the responsibility of SME Corporation to disclose information about compliance with standards in order to attribute independent guarantees and sureties issued by the Corporation, to ensure top quality. The actual numeric values of the standards and information required for their calculation, should be placed on the official website of SME Corporation and in the Unified Federal register of legally significant information about the facts of activity of legal entities.

In the opinion of the Cabinet, the bill will reduce the cost of attracting credit resources of SMEs by reducing the banks – partners of SME Corporation of reserves for possible losses on loans, guarantees and sureties of the Corporation that will be a motivating factor for banks to increase loans to SMEs.

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