CREDIT SUPPORT OF SMALL AND MEDIUM BUSINESS IN RUSSIA: TYPES, PARTICIPANTS AND ANALYSIS OF THE FACTORS REDUCING IT EFFICIENCY
E.N. Prokofeva
Ural State University of Economics, Yekaterinburg, Russian Federation
Keywords: small and medium business, small and medium business lending, credit risks, government programs, interest rate subsidies
Abstract
The article stresses the significance of small and medium business to the development of economy and strengthening of social bases of public life. Special consideration is given to the methods of direct and indirect credit support of small and medium business, provided by the banking sector and governmental institutions. The analysis of development of small and medium business in Russian demonstrated the absence of expected positive dynamics. The paper emphasizes the necessity of changes in the principles of participation of the banking system in crediting of small and medium business. It is reasonable to improve efficiency of the process by simplification of the customer crediting procedure.
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