- Who We Are
Approved by the Decree of the Government of the Republic of Kazakhstan №728 dated October 12, 2021
Name |
National Entrepreneurship Development Project for 2021-2025 |
The project’s tasks |
- to ensure structural changes in entrepreneurship; |
Implementation period |
2021 – 2025 |
Expected economic effect (quantitative data) |
1. The share of small and medium-sized businesses in GDP will reach 35%. 2. The contribution of tourism to GDP will increase up to 8.4 trillion tenge. 3. The state's share in the economy will be reduced to 14%.
4. 995.3 thousand jobs will be created, including: |
Expected social effect (quantitative and qualitative data) |
1.7 million people will get permanent jobs; |
The amount of money required for the project implementation |
8,455,329,919 thousand tenge (including the republican budget – 1,030,884,427 thousand tenge, local budgets – 124,695,492.0 thousand tenge, extra-budgetary money – 7,299,750,000 thousand tenge): |
The Damu Entrepreneurship Development Fund (a subsidiary of Baiterek Holding) implements the National Entrepreneurship Development Project for 2021-2025 and provides support to businesses by:
Participants | Small and microbusinesses | ||
Eligible industries |
Loans issued by second-tier banks are subsidized for businesses operating in any industry Loans issued by microfinance organizations are subsidized only for businesses operating in high priority sectors of the economy |
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The maximum loan amount | 20 million tenge for investment purposes; 5 million tenge for working capital replenishment | ||
Subsidy amount for loans |
The interest rate established by the National Bank of the Republic of Kazakhstan + 7%, of which 6% is paid by an entrepreneur, and the rest is subsidized by the state For projects implemented in villages, single-industry and small towns – the interest rate established by the National Bank + 7%, of which 5% is paid by an entrepreneur, and the rest is subsidized by the state |
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Subsidy amount for microcredits | Remuneration rate is 28%, of which 50% is subsidized | ||
Loan term |
1. 3 years for investment purposes (the subsidizing period cannot be prolonged); 2. 2 years for working capital replenishment (the subsidizing period cannot be prolonged) |
Participants |
Entrepreneurs and subjects of industrial and innovative activities operating in priority sectors of the economy Projects implemented in villages, single-industry and small towns (except for cities of republican significance and regional centers) can be subsidized disregarding sector of the economy |
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Eligible industries | All industries – for projects implemented in villages, single-industry and small towns (except for cities of republican significance and regional centers) |
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The maximum loan amount |
3 billion tenge for one entrepreneur. If a loan is provided to several affiliated entrepreneurs for the implementation of one business project, then the total loan amount cannot exceed 3 billion tenge. 1.5 billion tenge for entrepreneurs operating in villages, single-industry and small towns (except for cities of republican significance and regional centers). |
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Subsidy amount | Subsidy amount The interest rate established by the National Bank of the Republic of Kazakhstan + 5%, of which 6% is paid by an entrepreneur, and the rest is subsidized by the state | ||
Loan term | 1. 5 years for investment purposes (the subsidizing period cannot be prolonged); 2. 3 years for working capital replenishment (the subsidizing period cannot be prolonged) | ||
Refinancing | Loans and leasing agreements that will be valid for less than 2 years from the date of issue of the first loan/leasing agreement are refundable |
Participants |
Subsidizing under the Regional Program is available in socially vulnerable regions, during the state of emergency, or in other cases according to written agreement between a local executive body and an authorized body responsible for entrepreneurship. The terms of subsidizing in socially vulnerable regions or during the state of emergency are agreed in writing by a local executive body and an authorized body responsible for entrepreneurship |
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Eligible industries | All industries |
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The maximum loan amount |
The subsidized loan cannot exceed 500 million tenge for one small or medium-sized business. The subsidized loan amount is specified in a written agreement between a financial institution and a local executive body. The loan amount is calculated without taking into account other loans of an entrepreneur’s affiliates. The maximum funding limit for a microfinance organization per one small or medium-sized business cannot exceed 8,000 MCI. |
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Subsidy amount | Only loans/microloans with a nominal interest rate less than 8.5% can be subsidized. The rest is paid by an entrepreneur in accordance with a written agreement between a financial institution and a local executive body. The interest rate paid by an entrepreneur must be at least 1% per annum. | ||
Loan term |
5 years for loans and microloans. 3 years for working capital replenishment (the subsidizing period cannot be prolonged). |
Participants | Small and medium-sized businesses that operate in any sector of the economy (besides trade (except for working capital replenishment) and other activities specified in paragraph 4 of Article 24 of the Code, individual businesses that issue bonds in accordance with the Civil Code of the Republic of Kazakhstan; |
Maximum loan amount | The total nominal value of the issuer's bonds, for which a part of the coupon rate is subsidized, cannot exceed 7 billion tenge per issuer. |
Subsidy amount | 7% of the coupon rate |
Subsidy term | 5 years, but not more than the maturity of bonds |
Currency | tenge |
An entrepreneur can be provided with support under the Program.
Newly-founded businesses and entrepreneurs implementing or planning to implement their projects in priority sectors of the economy are subject to guaranteeing.
For newly-founded businesses | For long-established businesses | |||
Maximum guarantee amount: | up to 85% of a loan | ip to 50% of a loan | ||
Maximum loan amount: | 360 million tenge | 1 billion tenge | ||
Eligible industries: |
1. projects implemented in villages, single-industry and small towns can be guaranteed disregard for their industry 2. projects implemented in cities of republican significance or regional centers must belong to high priority sectors of the economy |
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Purpose of a loan: |
1. Purpose of a loan; 2. Working capital replenishment; 3. 100% of the loan is intended for working capital replenishment (not more than 500 million tenge) with the exception of current payments for loans or leasing agreements and other purposes not related to the applicant's main activity; 4. Refinancing. |
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Interest rate: | The interest rate established by the National Bank of the Republic of Kazakhstan and increased by no more than 5%. |
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Maximum guarantee term | Cannot exceed the loan term |
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Collateral for loan (ratio of collateral value to loan amount): | minimum 15% | minimum 50% |
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Investing own funds in a project (for loans over 500 million tenge): | not less than 10% of the total cost of project implementation. Own funds are cash, movable property, or real estate, including property of third parties |
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Consideration period: | maximum 5 working days for loans under million tenge; maximum 10 working days for loans over 500 million tenge; |
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Maximum guarantee amount: | up to 70% of the value of the leased asset | ||
Maximum amount of financial leasing: | 500 million tenge | ||
Eligible industries | 1. projects implemented in villages, single-industry and small towns can be guaranteed disregard for their industry 2. projects implemented in cities of republican significance or regional centers must belong to high priority sectors of the economy | ||
Purpose of financial leasing: | 1. Investments, acquisition of fixed assets; 2. Working capital replenishment; 3. 100% of the loan is intended for working capital replenishment (not more than 500 million tenge) with the exception of current payments for loans or leasing agreements and other purposes not related to the applicant's main activity; 4. Refinancing. | ||
Financial lease rate: | The interest rate established by the National Bank of the Republic of Kazakhstan and increased by no more than 5%. |
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Maximum guarantee term | no more than the term of financial leasing |
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Collateral for loan (ratio of collateral value to loan amount): | Minimum 30% |
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Consideration period: | maximum 5 working days for loans under 500 million tenge; maximum 10 working days for loans over 500 million tenge; |
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Subsidizing projects in all industries from January 1, 2022 to July 1, 2022
REGIONS | Business Roadmap (2nd leg) | Portfolio subsidizing | National Project | TOTAL |
Akmola Region |
28 |
14 |
43 |
85 |
Aktobe Region |
65 |
186 |
64 |
315 |
Almaty Region |
51 |
8 |
56 |
115 |
Atyrau Region |
59 |
31 |
58 |
148 |
East Kazakhstan Region |
67 |
91 |
51 |
209 |
Almaty |
80 |
240 |
136 |
456 |
Nur-Sultan |
110 |
4 |
90 |
204 |
Shymkent |
28 |
155 |
65 |
248 |
Zhambyl Region |
14 |
14 |
86 |
114 |
West Kazakhstan region |
22 |
69 |
48 |
139 |
Karaganda Region |
28 |
77 |
67 |
172 |
Kostanay Region |
28 |
65 |
68 |
161 |
Kyzylorda Region |
35 |
57 |
78 |
170 |
Мангистауская область |
50 |
20 |
40 |
110 |
Pavlodar Region |
25 |
111 |
103 |
239 |
North Kazakhstan region |
11 |
14 |
49 |
74 |
Turkistan Region |
16 |
194 |
64 |
274 |
Total |
717 |
1350 |
1166 |
3233 |
Project guaranteeing from January 1, 2022 to July 1, 2022
REGIONS | The number of signed guarantees | Total loan amount, tenge | Total guarantee amount, tenge |
Akmola Region |
70 |
2 130 506 000 | 1 046 190 356 |
Aktobe Region |
304 |
7 708 858 390 | 3 956 492 081 |
Almaty Region |
119 |
6 005 970 037 | 2 513 957 696 |
Atyrau Region |
152 |
4 256 247 649 | 1 923 060 616 |
East Kazakhstan Region |
138 |
6 432 383 948 | 2 784 346 729 |
Zhambyl Region |
111 |
4 198 679 389 | 1 855 961 794 |
West Kazakhstan Region |
141 |
4 983 432 568 | 2 052 805 733 |
Karaganda Region |
130 |
4 022 500 070 | 1 880 803 381 |
Kostanay Region |
169 |
4 758 569 151 | 2 062 830 835 |
Kyzylorda Region |
153 |
3 934 431 329 | 1 669 578 399 |
Mangystau Region |
94 |
3 824 003 410 | 1 488 417 199 |
Pavlodar Region |
161 |
6 856 323 100 | 2 938 877 075 |
North Kazakhstan Region |
83 |
4 075 318 234 | 1 501 683 011 |
Turkistan Region |
45 |
2 022 580 336 | 730 149 280 |
Shymkent |
172 |
4 159 033 807 | 1 810 994 739 |
Nur-Sultan |
104 |
9 258422 488 | 3 445 631 986 |
Almaty |
113 |
11 650 014 193 | 4 597 494 745 |
Total |
2259 |
90 277 274 099 | 38 259 275 653 |
Feel free to visit the Damu Fund’s website for more information on the program implementation https://damu.kz/poleznaya-informatsiya/reports/dkb-2025/month/