Russian small businesses will help law on microfinance activities, "if it did sell

After a lengthy analysis of the impact of newly introduced bill on microfinance activities, "State Duma deputies have come to the conclusion that this innovation is still a positive impact on the country's economy. In particular, it will affect the development and operation of small business as well as SMEs will be able to obtain additional financing. We remind you that the Law on microfinance activities was passed earlier this month. Work law begin only at the end of 2010. With it, the country will be legally non-bank loans. Such capabilities are especially important for the development of regional small businesses. Although, according to many analysts, the new bill is not quite perfect. It has a number of places for the correction. In addition, many experts argue that the development of legal micro-small business regions of Russia - is one of many outcomes. It is for this reason, July 14, 2010 meeting was held of the Ministry of Finance, Ministry of Economic Development and other financial market participants, which discussed all the possible resulting consequences of the law. With regard to microfinance, this activity will be completely legal to engage in legal or so-called microfinance institutions. In the understanding of micro-loans include funds in the amount of not more than 1 million rubles. In this case, loans may be granted only to small businesses and individual entrepreneurs. The main task of the adopted law - is the legalization of this activity (micro). That is, after the implementation of the law "On microfinance" authorities will be able to control the micro-finance institutions. Will be the procedure for registration of this form of enterprise. Simply put, in Russia there will be legitimate organization working solely with MB in the provision of small loan amounts. The main consumers of microfinance services to date are small businesses operating in the area of ??trade and services. From the words of the head of the Department of Small and Medium Business, Andrei Sharov, it became clear that the adoption of the Law on microfinance for SMEs is a historic event. Today on microfinance non-banking profile in Russia, there is high demand. While covering the organization of such a profile can only be 15-20%. If the law on microfinance activities will be implemented, we will quickly bring up a national small business.