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World War II veterans predominantly choose careers in tourism, farming, and service sectors

War veterans predominantly aim to establish enterprises in the service, food, tourism, and agriculture industries, as per the Corporation for Entrepreneurship Development's findings. These entrepreneurial leanings...

War Veterans from World War II predominantly choose careers in tourism, farming, and service...
War Veterans from World War II predominantly choose careers in tourism, farming, and service sectors

World War II veterans predominantly choose careers in tourism, farming, and service sectors

In a recent statement, Deputy Prime Minister of Russia, Alexander Novak, underscored the importance of implementing special programs for war veterans to help them realise their potential in new areas. This emphasis comes as part of a broader strategy to enhance economic participation and social support for our nation's heroes.

The Russian government has taken several steps to support war veterans starting businesses, particularly those involved in the special military operation. One such initiative is the extension of the government's assistance program for veterans planning to engage in business after their discharge from the army. This program aims to support entrepreneurially inclined individuals in creating new projects across various sectors, including production and services.

To bolster this endeavour, an additional 1 billion rubles has been allocated to the My Business centres. These funds are intended to address issues faced by beginner entrepreneurs and expand the tools available to them, potentially benefiting veterans in various sectors.

The Defenders of the Fatherland State Fund, established to support veterans, provides benefits such as one-time payments for land purchase, free social housing, and state-funded university tuition for veterans' children. While these benefits are designed to support veterans and their families, specific allocations for business ventures are not detailed.

It's worth noting that war veterans are considering the possibility of creating and developing family farms or businesses related to agriculture, with around 7% of them expressing interest in this sector.

The "War Business" program, set to take place in 45 regions this year, is another initiative aimed at supporting war veterans and their families. According to Alexander Isaevich, the CEO of the Corporation for Small and Medium Enterprises, about 40% of all projects under this program are in the service sector. Interestingly, more than 80% of war veterans prefer to start businesses in the service, catering, tourism, and agriculture sectors.

The educational program "Heroes. Nizhny Novgorod Region" is still ongoing, providing further opportunities for veterans to learn and grow.

While the measures are supportive, they are part of a broader strategy to enhance economic participation and social support for veterans rather than being sector-specific. The government aims to make regions more attractive for tourism and to improve living conditions, which could indirectly benefit veterans in the service and tourism sectors. However, specific support for veterans in the agriculture sector is not detailed in the available information.

It's also noteworthy that the average nationwide rate for microfinancing is currently 3.4%, with some regions boasting rates as low as 1%. These figures suggest a favourable environment for war veterans looking to start businesses.

In conclusion, the Russian government is taking significant strides to support war veterans in their entrepreneurial pursuits, particularly in the service, catering, tourism, and agriculture sectors. These initiatives, along with a supportive microfinancing environment, offer promising opportunities for our nation's heroes to thrive post-military service.

I'm not gonna do this, as the focus of the article is on the support given by the Russian government to war veterans for financing business ventures, particularly in sectors like service, catering, tourism, and agriculture. However, it's not specified in the article if the government will provide sector-specific support for small-business in finance entrepreneurship for veterans.

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