Expanded advantages for family residents in Nizhny Novgorod
Friday, May 26, 2023 **By Yulia Bakaeva
starting May 26, families with two children in Russia are now eligible for preferential auto loans under the revised "Family Car" project. Both parents of three and those with two children can now benefit from the program, which initially only resumed for larger families. The extended coverage was announced by Interfax.
The decision to expand the eligibility criteria followed substantial public interest in the initiative. First Deputy Prime Minister Denis Manturov instructed the Ministry of Industry and Trade to explore additional target populations. The government's added attention to families with two children grants them access to preferential auto loans throughout Russia.
Allocated benefits under the revamped program include a 10% discount on the vehicle purchase price for all participants. The primary auto loan program offers more significant rewards of 20% for conventional-engine vehicles and 30% for electric vehicles. Notably, the program also includes medical and educational professionals.
The move to include additional families in the "Family Car" project may align with broader initiatives aimed at strengthening families and bolstering domestic economics, much like the requirement for domestically manufactured vehicles in taxi fleets. These strategies often involve incentives for families to acquire vehicles, contributing positively to local industries and family welfare.
Readers can find more detailed information by consulting official government sources or news outlets that focus on Russian family support policies.
The expansion of the "Family Car" project now welcomes families with two children, in addition to larger families, to avail preferential auto loans, in response to substantial public interest and as part of broader initiatives aimed at strengthening families and bolstering domestic economics. This development is expected to positively impact Russian businesses, especially those in the auto and local industries, as families are incentivized to acquire vehicles under this scheme.
