Young entrepreneurs in Russia will receive up to 1 million rubles grants

The government has made a decision to allocate funds to support entrepreneurship in Russia. Within the framework of the announced program, it is planned to issue grants to young people under the age of 25 inclusive.

Funds can be used to create and develop their own projects.

The news about the adopted resolution was published on the official website of the Cabinet of Ministers. The material says that funds can be provided to both individual entrepreneurs and founders of enterprises.

The grant size varies from 100 thousand to 1 million rubles.

At the same time, entrepreneurs who intend to develop their business in the Arctic zone will be able to receive the maximum amount. The rest will receive the right to receive the maximum financial support in the amount of half a million rubles. Previously, this opportunity was provided only to those organizations that implement social projects.

According to the Prime Minister, more than 2.1 billion rubles have been allocated from the budget for new support measures for the current year. Mikhail Mishustin emphasized separately that the new resolution would enable entrepreneurs from various fields to receive state financial assistance.

It was noted that the resolution was developed as part of a plan of priority actions to ensure the development of the Russian economy in the face of sanctions and restrictions imposed by foreign states.