Funding and financing instruments for support of small businesses in the Republic of Komi under COVID-19

Socio-economic changes caused by the COVID-19 pandemic are a significant challenge for the small business sector, which is experiencing a shortage of financial resources. In the conditions when traditional methods of support became insufficient, state authorities were forced to immediately change the existing approaches to small businesses support, and to introduce new measures for ensuring social and economic stability. The article is aimed at assessing the effectiveness of anti-pandemic funding and financing instruments for supporting small businesses in the conditions that have developed as a result of COVID crisis. It is concluded that regional events execution along with federal measures to support small businesses allowed reducing the negative consequences of COVID crisis. However, anti-crisis programs for financing and crediting small businesses are inadequate in scale to the needs of this economic segment