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1. to decrease the percentage of imported goods by 15% for each commodity group by 2024, based on the 2021 level as specified in Appendix 1 of this document
2. to achieve a 20% increase in the production of socially significant goods by 2024, in comparison to the level recorded in 2018.
Conditions for providing money to second-tier banks and the Agrarian Credit Corporation:
The National Bank of the Republic of Kazakhstan will utilize its own funds as well as funds under its management to acquire second-tier banks and Agrarian Credit Corporation (ACC) bonds, totalling 1 trillion tenge. These bonds will have a maturity period of up to 10 years and a final rate of return linked to the base rate determined by the National Bank of the Republic of Kazakhstan. The rate of return will not exceed 1.5% of the established base rate.
The attracted and owned money of second-tier banks, leasing companies, and the ACC should be used to finance priority projects in the following areas:
1) processing in the agro-industrial complex (up to 300 billion tenge);
2) production in the agro-industrial complex (up to 300 billion tenge);
3) manufacturing industry and services (up to 400 billion tenge).
Second-tier banks, leasing companies, and the ACC are financing priority projects for the production and processing in the agro-industrial complex. Along with direct crediting, the ACC has the right to fund credit partnerships for issuing credits to agricultural manufacturers.
Second-tier banks and the ACC provide loans for subjects of private entrepreneurship only at their own expense and also issue bonds to ensure or restore funding for loans.
Leasing companies provide loans only at their own expense (market funding).
The money provided will be used to finance entrepreneurs working in the manufacturing and agro-industrial complex for the purpose of investment and replenishment of working capital. It is allowed to replenish working capital on a renewable basis.
At the same time, for the purpose of replenishing working capital, mid-level banks, leasing companies and the Agrarian Credit Corporation can allocate no more than 50% of the issued credit funds and financial leasing within the framework of one borrower's project. This restriction does not apply to financing and financial leasing of projects in the field of production and processing in the agro-industrial complex, which are carried out at the expense of the own funds of mid-level banks, leasing companies and the Agrarian Credit Corporation, as well as projects aimed at conducting spring field and / or harvesting works, regardless of the source of financing of the loan. At the same time, projects aimed at carrying out spring field and / or harvesting work are financed for a period of not more than 1 year.
Damu Entrepreneurship Development Fund and its territorial subdivisions will be responsible for this process. The Fund now financially supports private sector entrepreneurship.
Terms of financing of the private sector:
The financing will be granted to entrepreneurs and individuals involved in industrial and innovative activities, as defined by the Rules for subsidizing remuneration rate under the national project for entrepreneurship development for 2021-2025. The funding will be allocated for projects in priority sectors of the economy, according to the list of goods eligible for lending and financial leasing. To qualify for financing, it is necessary to produce at least one type of product from the comprehensive list of all types of economic activity (referred to as OKED hereafter). For the service sector, compliance will be assessed based on assignment to the OKED types.
If a project requires a loan of over 10 billion tenge, a positive conclusion of the relevant sectoral central authorized body is required.
The interest rate charged on loans must not exceed the base rate of the National Bank of the Republic of Kazakhstan plus 4.5%. The state will subsidize 13.25% of this interest rate, and the remaining amount will be paid by the entrepreneur.
crediting currency for the private sector is tenge.
Loans and financial leasing aimed at investments will be subsidized for a period not exceeding five years, with no option for extension. Additionally, loans and financial leasing aimed at replenishing working capital will be subsidized for a period not exceeding three years, without the possibility of extension.
The duration of subsidizing loans and financial leasing for the priority sectors of the economy listed in Appendix 3 to this document, and aimed at investment, is limited to a maximum of 7 years. If a private interpreter is in dire straits, the payment of the unsubsidized part of the interest rate and repayment of the principal debt may be postponed for a period not exceeding half of the loan term. The occurrence of difficult circumstances must be confirmed by the relevant decisions of the President and the Government of the Republic of Kazakhstan and/or other authorized bodies.
Conditions for subsidizing of the private sector:Conditions for subsidizing private entrepreneurs in the manufacturing industry, services and processing in the agro-industrial complex:
Conditions for guaranteeing projects of the private sector:
· Loans and financial leasing from second-tier banks with a nominal interest rate not exceeding the base rate of the National Bank of Kazakhstan + 4.5% are eligible for guarantee under this program. The guarantee amount for a borrower's project cannot exceed 50% of the loan/financial lease amount, up to and including 1 billion tenge. For financial leasing, the maximum guarantee amount cannot exceed 70% of the value of the leased asset, provided that the amount does not exceed 1 billion tenge. Additional security in the form of immovable and/or movable property, as well as guarantees from founders/participants/shareholders and/or third parties, may be accepted.
The guarantee period cannot exceed the loan term.
The difference in security for the loan (collateral value) is paid by an entrepreneur.
The conditions and the procedure of guaranteeing and monitoring of projects are governed by the Rules for guaranteeing loans/financial leasing within the framework of the national project for the development of entrepreneurship for 2021-2025, approved by the Resolution of the Government of the Republic of Kazakhstan #1060 dated December 31, 2019.
Information on signed subsidy projects by region as of July 01, 2023:
|
Region |
Number of projects |
Loan amount, million tenge. |
|
Akmola region |
73 |
38 990 |
|
Aktobe region |
82 |
51 148 |
|
Almaty region |
91 |
184 940 |
|
Atyrau region |
40 |
33 946 |
|
East Kazakhstan region |
64 |
47 539 |
|
Almaty |
121 |
193 225 |
|
Astana |
81 |
105 892 |
|
Shymkent |
93 |
89 912 |
|
Jambyl Region |
51 |
60 203 |
|
West-Kazakhstan region |
58 |
35 781 |
|
Karaganda region |
59 |
55 443 |
|
Kostanay region |
81 |
46 864 |
|
Kyzylorda Region |
44 |
12 037 |
|
Mangistau region |
65 |
26 725 |
|
Pavlodar region |
48 |
61 900 |
|
North-Kazakhstan region |
59 |
71 870 |
|
Turkestan region |
66 |
48 854 |
|
Zhetysu region |
5 |
1 840 |
| Abay region | 8 |
1 634 |
|
Total: |
1 189 |
1 168 741 |
More detailed information on the results of granting subsidies within the framework of the program can be obtained on the Damu website. https://damu.kz/poleznaya-informatsiya/reports/seconomy/spredictive/
Information on signed guarantee projects by regions as of July 01, 2023:
|
Region |
Number of projects |
Loan amount, million tenge |
Guarantee amount million tenge |
|
Astana |
37 |
11 854 |
5 285 |
|
Almaty |
21 |
12 174 |
4 508 |
|
Akmola region |
29 |
9 182 |
4 177 |
|
Aktobe region |
37 |
11 486 |
5 215 |
|
Alma-Ata's region |
21 |
12 028 |
5 552 |
|
Atyrau region |
12 |
2 926 |
1 031 |
|
East Kazakhstan region |
20 |
2 270 |
1 024 |
|
Jambyl Region |
21 |
3 740 |
1 592 |
|
West-Kazakhstan region |
12 |
924 |
432 |
|
Karaganda region |
22 |
2 433 |
1 164 |
|
Kostanay region |
44 |
11 012 |
4 833 |
|
Kyzylorda Region |
20 |
2 628 |
1 128 |
|
Mangistau region |
33 |
3 880 |
1 693 |
|
Pavlodar region |
29 |
8 668 |
3 502 |
|
North-Kazakhstan region |
30 |
6 622 |
3 056 |
|
Turkistan region |
18 |
8 066 |
3 520 |
|
Shymkent |
21 |
6 356 |
2 598 |
|
Abay region |
2 |
805 |
302 |
|
Zhetysu region |
3 |
735 |
293 |
|
Total: |
432 |
117 789 |
50 904 |
More detailed information on the results of providing guarantees as part of the implementation of the program can be obtained on the Damu website. https://damu.kz/poleznaya-informatsiya/reports/seconomy/guarantee/
Rules for guaranteeing loans under the State Program for Business Support and Development "Business Roadmap-2025", approved by the Decree of the Government of the Republic of Kazakhstan dated December 31, 2019 No. 1060.
