By The draft resolution On Approval of Rules for Issuing Subsidies from the Federal Budget for Compensating a Portion of the Interest Paid on Loans Received from Russian Lending Institutions in 2014-2016 for Implementing New Comprehensive Investment Projects in Priority Areas of the Civilian Industry as part of the subprogramme ensuring the implementation of the state programme, Promoting Industry and Increasing its Competitiveness, was prepared by the Ministry of Industry and Trade.
The resolution introduces a mechanism for stimulating subsidies in the form of state support to compensate for a portion of the interest paid on loans obtained for implementing new comprehensive investment projects in priority areas of the civilian industry.
In particular, the resolution provides for the following:
- establishing the procedure and terms and conditions for issuing subsidies from the federal budget to Russian organisations for compensating a portion of the interest on loans received from Russian lending institutions;
- establishing the scope of the resolution as it applies to priority areas of the civilian industry;
- establishing the criteria for ranking investment projects as comprehensive investment projects in priority areas of the civilian industry;
- the procedure for drawing up a list of comprehensive investment projects in priority areas of the civilian industry and forming the Interdepartmental Commission for including comprehensive investment projects in priority areas of the civilian industry in the above list.
The federal law On the Federal Budget for 2014 and the 2015-2016 Planning Period provides one billion roubles in 2014 and 2015 each for the implementation of the programme entitled Subsidies to Russian Organisations for Compensating a Portion of Interest on Loans Received from Russian Lending Institutions in 2014-2016 for Implementing Comprehensive Investment Projects in Priority Areas of the Civilian Industry.
The state programme Promoting Industry and Increasing its Competitiveness provides for the following indicators (targets):
- output growth index;
- investment growth index in comparable prices.
The subprogramme Supporting the Implementation of the State Programme will include similar indicators (targets). Since the investment projects involve the creation of new industrial production facilities, the indicators (targets) will be included not in the form of indices, but in the form of absolute values:
- output at a newly created production facility in base year prices;
- investment in base year prices (the year when the subsidy was issued).
Attaining certain production
