Open AccessCREDIT SUPPORT OF SMALL AND MEDIUM BUSINESS IN RUSSIA: TYPES, PARTICIPANTS AND ANALYSIS OF THE FACTORS REDUCING IT EFFICIENCY
Author(s) -
Е. Н. Прокофьева
Publication year - 2021
Publication title -
vestnik nguèu
Language(s) - English
Resource type - Journals
ISSN - 2073-6495
DOI - 10.34020/2073-6495-2021-1-112-123
Subject(s) - business , small business , small and medium sized enterprises , process (computing) , business development , industrial organization , marketing , finance , computer science , operating system
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.