12 billion roubles will be allocated for increasing the capital of state microfinancing organisations (MFOs) that provide preferential loans to small and medium-sized businesses, according to a directive adopted by the Government.

Additional funds will be allocated via the national project, Small and Medium-Sized Businesses and Support of the Individual Entrepreneur Initiative.

This measure will improve the accessibility of preferential loans, which is critical for companies affected by the spread of COVID-19.