More than RUR 248 million from federal budget to be allocated for small and medium-sized enterprises in Dagestan

Makhachkala, July 11, 2016. More than 248 million rubles will be allocated for support and development the small and medium-sized businesses in Dagestan in the current year, the press service of the Agency for Entrepreneurship and Investment RD reports.

It should be noted that the monetary resources would be allotted from the federal budget as a result of competitive selection for state support among the small and medium-sized businesses held by the Russian Ministry of Economic Development. Thus, the Agency submitted 6 applications in various sections of state support for SMEs.

At the beginning of July, the Prime Minister Dmitry Medvedev signed a decree on allocation of 1.51 billion rubles to the 21 regions of the Russian Federation, including Dagestan.

In accordance with the legal act, Dagestan will receive approx. RUR 51 million 578 thousand of subsidies granted from the federal budget in the framework of the subprogram "Development of small and medium-sized businesses".

Thus, the total amount raised by the Agency for Entrepreneurship and Investment funds made over 248 million rubles.