The Industrial Development Fund provided 180 million rubles for the production of new equipment for feeding and keeping cattle from Koblik Group Management Company LLC (Smolensk). This is stated in the message of the Foundation.
The total amount of investments amounted to 900 million rubles. Concessional financing was allocated within the framework of the joint federal-regional program "Development Projects".
The Industrial Development Fund was established with the aim of modernizing Russian industry, launching new production facilities and ensuring import substitution.
The FRP provides loans at 3% and 5% per annum for up to 7 years in the amount of 5 million to 2 billion rubles and contributes to the inflow of direct investment into the real sector of the economy.
