Concessional loans

Industrial Development Fund of the Russian Federation

Industrial Development Fund offers favourable terms for co-financing projects aimed at new high-tech products development, import substitution, leasing of manufacturing equipment, implementation of machine-tool projects, digitalization of existing production facilities, production of high-tech civilian or dual-use products by defense industry enterprises, production of components, labeling of medicines and increase in labor productivity.

The Fund provides special-purpose loans for the implementation of new industrial projects.

  • The rate: 1% and 3% per annum
  • Maturity: up to 7 years
  • The loan amount: from 5 million to 2 billion rubles

The Supervisory Board of the Industrial Development Fund decided to reduce the base rate to 3% for the Industrial Development Fund programs  from January 1, 2021. Federal loans (

Industrial Development Fund of the Republic of Karelia

The Industrial Development Fund was founded to modernize industry of Russia, organize new production facilities and provide import substitution.

The Industrial Development Fund of the Republic of Karelia was established in 2018 initiated by the Head of the Republic of Karelia A. O. Parfenchikov, and carries out its activities in accordance with Federal Law No. 488-ФЗ of December 31, 2014 "On Industrial Policy in the Russian Federation".

The Fund offers favourable terms for co-financing projects aimed at the development of new high-tech products, technical re-equipment, and the creation of competitive manufactures based on the best available technologies.

For the implementation of new projects, the Fund provides special-purpose loans at a rate of 1% to 3% per annum for up to 5 years in the amount of 5 to 100 million rubles, attracting the inflow of direct investments in the real sector of the economy.

Loans – The Industrial Development Fund of the Republic of Karelia (

Fund for the Loans Facilitation to Small and Medium-sized enterprises of the Republic of Karelia (microcredit organization)

The Fund, by providing guarantees for loans and other debt obligations, expands the opportunities of small and medium-sized enterprises of the Republic of Karelia in obtaining credit resources and stimulates the development of better bank lending conditions, sharing credit risks with banks and other financial organizations.

In accordance with the regulations of the Central Bank of the Russian Federation, the guarantee of the Fund is assigned to the assurance of quality category II, which makes it possible to equate the guarantee of the Fund with such liquid types of collateral guarantee as securities, real estate, equipment and market products.

The Fund's programs - Fund for the Loans Facilitation to Small and Medium-sized enterprises of the Republic of Karelia (microcredit organization) (

Corporate Competitiveness Enhancement Program (KPPK)

The Corporate Competitiveness Enhancement Program (KPPK) is an organization's activity program aimed at improving competitiveness, increasing production and export volumes.

Resolution of the Government of the Russian Federation No. 191 dated 23.02.2019 "On State Support for Organizations Implementing Corporate Competitiveness Enhancement Programs and Amendments to the Rules for granting subsidies from the Federal Budget in the form of a property Contribution of the Russian Federation to the State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)" for reimbursement of part of the high-tech products production supporting costs"

Provision of access to preferential lending mechanisms to organizations implementing KPPK in the following areas: investment loans for the creation of export-oriented production in Russia and/or abroad, post-export financing and international factoring, forfeiting, letters of credit, loans to foreign buyers and banks of foreign buyers.

The terms of implementation of the KPPK are from 2 to 5 years (the end of implementation should be no later than December 31, 2024).

The main conditions of the program:

  • the maximum amount of one loan: up to 60 billion rubles for investment loans, up to 30 billion rubles for other loans;
  • up to 4.5% per annum of the bank's commercial rate is to be subsidized;
  • limits on the use of subsidies for credit products: investment abroad - 10% of the total subsidy; investment in the Russian Federation - 32.5% of the total subsidy; other - 57.5% of the total subsidy.

Support Measures Navigator – State Industry Information System (


ВЭБ.РФ/WEB.RF is a state development corporation.

The main task is to contribute to the long-term economic development of Russia. Within partnership with commercial banks WEB.RF is engaged in financing large-scale projects aimed at developing infrastructure, industry, social sphere, strengthening technological potential and improving the quality of life of people.

Bank for development finances investment projects and export projects in the following forms:

  • lending,
  • guarantees and suretyship,
  • business companies shareholding,
  • financial and guarantee support for export.

ВЭБ.РФ is a state development corporation of Russia.

Investment portal of the Republic of Karelia