Penza, 1 April 2015. PenzaNews. The Penza region will receive about 158 million rubles from the federal budget to support small and medium enterprises.

The sum allocated was provided from over 16.9 billion rubles distributed among the regions following the Russian Government decree signed by the Prime Minister Dmitry Medvedev.

The subsidies will be provided during the sub-program “Small and medium enterprise development” of the state program “Economic development and innovative economy.”

Based on the description of the document, the allocated sum was calculated based on the population levels of the region on January 1, local money levels, and effectiveness of the use of the money provided in 2013 based on data of October 1, 2014.

The support is expected to increase turnout of the regional and municipal programs dedicated to SME development.

The decree was reviewed and approved during the March 26 session of the Russian Government.