Kazakhstan is updating its business support measures
The Kazakh government adopted a comprehensive program to support and develop small and medium-sized enterprises (SMEs), integrating the Business Roadmap and Economy of Simple Things programs, the Prime Minister’s press service reported on Aug. 19.
The revised business support program includes several key updates:
- Subsidies: Up to 50% of the budget is allocated to manufacturing ventures. Service sector subsidies are now capped at three years instead of five.
- Loan Guarantees: Increased amounts and market-term guarantees for loans over one billion tenge (US$2 million).
- Syndicated Lending: Allows multiple banks to finance large projects up to 15 billion tenge (US$31.3 million).
- Bond Loans: Subsidies for coupon rates, with financing at 6% interest for up to five years, and amounts up to five billion tenge (US$10.4 million).
In the first half of the year, the program supported about 14,000 projects, with subsidies totaling 566 billion tenge (US$1.1 billion) and guarantees for 178.9 billion tenge (US$374.4 million). Future plans include differentiated support based on technological complexity.(Source:astanatimes)
8
