In the Russian Federation will create a monitoring service for preferential business lending programs

Moscow. July 9th INTERFAX.RU – The Russian government plans to create an information platform for viewing information about concessional loans issued to businesses within the framework of state programs.

„The new information platform will combine information on soft loans that are issued to businesses within the framework of state programs. Its creation will be a response, among other things, to requests from regional authorities,” the message published on the Cabinet’s telegram channel on Saturday reads.

It is noted that the service will operate on the basis of the blockchain platform of the Federal Tax Service of Russia, to which more than 70 credit institutions are connected.

„They have already provided loans to about 1.4 thousand companies, including backbone enterprises: industry, trade, agro-industrial sector, energy,” the report says.

The government added that data collection and processing will be carried out online, which will greatly simplify and speed up the analysis of the availability of such support tools and increase their effectiveness. Organizations participating in entrepreneurial lending programs will transfer data about their applications and loans issued to the service.