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Dagestani Prime Minister calls to render assistance to small and medium-sized businesses

27 June 2018 21:21 Posted in:  BUSINESS
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Makhachkala, June 27, 2018. According to the press service of Government of the Republic of Dagestan, today, June 27, Dagestan Cabinet gathered to a meeting on the issues related to the competence of the Foundation for Assistance to Crediting of Small and Medium Enterprises of the Republic of Dagestan and the Microfinance Foundation for Small and Medium Enterprises.

Dagestani Prime Minister Artem Zdunov chaired the event attended by the first deputy Prime Minister Ramazan Aliyev and the heads of relevant ministries and departments. The Prime Minister offered to evaluate the effectiveness of both organizations: "We need to understand how the work is being done, whether the statutory goals are achieved as well as to monitor the usage of money and to analyze the results we get. The main task is to reach as many entrepreneurs as possible. Besides, the interest rate should be as low as possible. "

From 2008 to 2017 the above mentioned foundations allocated about one billion rubles. According to preliminary information coming in the course of court proceedings, the facts of illegal use of financial means were revealed.
The Prime Minister of the republic instructed Ramazan Aliyev to create a commission for prompt check of activities of the republican foundations.



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