The role of social credits at the present stage
Abstract. At the stage of the structural transformation of the Russian economy, the need for social credit is increasing. The effective fulfillment of the social role of credits will contribute to improving the well-being of the population and the development of the economy as a whole. This is especially true for the population of contemporary Russia, which has become very vulnerable in the face of new challenges of the time. The purpose of the article is to define social credit, consider its varieties and analyze its role, justify measures to improve this type of credit relations. When writingthe article, situational and systematic approaches of scientific research were used, including the analysis of publications on the problem of social loans, as a result of which the definition of social credit was formulated. In addition, based on the analysis of statistical data, an assessment of the effectiveness of the role performed by social credit was given. The results of the analysis demonstrated the insufficiently effective functioning of modern social credits, which is confirmed by their low social effect. The scientific novelty of the research lies in the assessment and determination of the place of modern social credits. The obtained research results can be applied in the improvement of social credits to increase the positive social effect and expand the socially oriented activities of banks.
Keywords: social credit, the role of credit, preferential credit, social effect, loans with state support.
Highlights:
- in modern conditions, the need for social credits is increasing;
- existing credit products do not perform a social role effectively enough;
- it is necessary to modernize credit banking products to strengthen their social role.
Elena V. Bulycheva - Orenburg State University, Orenburg, Russia