"This year, for its implementation, we will allocate about 7 billion 800 million rubles from the government's reserve fund," TASS quotes Mishustin as saying at a cabinet meeting.

He noted that the launch of a new preferential credit program was approved by Russian leader Vladimir Putin.

“Potentially, about 75 thousand entrepreneurs will be able to take advantage of this help,” he added.

Earlier, Deputy Minister of Economic Development of Russia Tatyana Ilyushnikova said that 98% of entrepreneurs who took soft loans have retained their jobs.