Regional Development Ministry proposes to reduce minimum loan amount for SMEs

ASTANA. March 12. KAZINFORM The Ministry of Regional Development of Kazakhstan proposes to reduce threefold the "ceiling" on the minimum loan amount for SMEs, Vice Minister of Regional Development Kairat Uskenbayev told the Government's session on Tuesday.

"This year we will submit a package of measures to support business and change the program of business support road map," Uskenbayev said.

So, he said, it is suggested to "reduce the "ceiling" on the minimum loan amount three times - from 4.5 to 1.5 billion tenge, which will allow to increase the number of projects."

In addition, it is proposed "to lower the "ceiling" on guaranteeing the cost of the projects 9 times from 4.5 to 0.3 billion tenge.

"So we can widely use the SME guarantee tool," the Vice Minister noted.

In addition, the package of proposals to support SMEs also includes a new kind of support for beginners women entrepreneurs, young entrepreneurs, the disabled, improving procedures for consideration of projects for subsidies and guarantees.

"The new tools are based on the analysis of the needs of SMEs in the regions and with account of international experience," Uskenbayev added.

Source: primeminsiter.kz