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Damu Entrepreneurship Development Fund, a subsidiary of Baiterek Holding, provides state financial assistance to businesses under the Joint Order "On rules and forms of state financial support, and eligible sectors of private entrepreneurship." The Fund supports businesses through:
Offering partial subsidies on interest rates and partial guarantees on loans or microloans for small and micro-businesses.
Subsidizing interest rates and partially guaranteeing loans or financial leasing agreements provided by second-tier banks or leasing companies.
Subsidizing coupon rates and providing guarantees for bonds issued by business entities.
Conditions for subsidy provision for micro- and small businesses
Eligible entities |
Small and micro-businesses |
Industry |
Entities in all industries are eligible for loans from commercial banks, except for pawnshops, microfinance institutions, factoring organizations, leasing companies, and businesses in the trade sector (trade in food products is allowed). Entities operating in priority economic sectors are eligible for microloans from microfinance organizations. |
Maximum loan amount |
For investments – 20 million tenge For working capital replenishment – 5 million tenge |
Amount of loan subsidy |
The base rate established by the National Bank of Kazakhstan + 7%. Entrepreneurs pay 8%, with the remainder subsidized by the state. For projects in single-industry towns, small towns, and villages: the base rate established by the National Bank of Kazakhstan + 7%. Entrepreneurs pay 7%, with the remainder subsidized by the state. |
Amount of microloan subsidy |
The remuneration rate is 28%, with 50% covered by subsidies. |
Loan term |
1. For
investments – 3 years, with no option to extend
the subsidy period. |
Conditions for partial guaranteeing of loans and microloans to small and micro-businesses
Eligible entities |
Micro- and small businesses, social enterprises |
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Industry |
Entities across all industries are eligible, with the following exceptions:
Entities operating in priority economic sectors are eligible for microloans from microfinance organizations. |
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Maximum loan amount |
For investments – 20 million tenge For working capital replenishment – 5 million tenge |
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Interest rate |
The base rate established by the National Bank of Kazakhstan + up to 7% For microloans from microfinance organizations – up to 28%
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Guarantee amount |
Up to 85% |
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Guarantee period |
Must not exceed loan/microloan/financing term |
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Conditions for subsidizing projects of small and medium-sized businesses
Eligible entities |
Small and medium-sized businesses |
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Purpose |
Investments, construction, and refinancing |
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Interest rate |
Base rate established by the National Bank of Kazakhstan + 5% |
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Maximum subsidy amount |
For investments – 3 billion tenge For construction – 500 million tenge |
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Subsidy period |
For investments – up to 5 years For construction – up to 3 years For other purposes – up to 3 years For the procurement of goods from domestic producers and production of high value-added products – 7 years |
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Counter-obligations |
For investment projects that achieve a 10% increase in taxes, payroll, or job creation within two financial years from the date of receiving state financing. For loans over 500 million tenge, dividend payments are prohibited. New effective investment projects (green projects) must be implemented within 24 months from the date of the Fund’s decision. |
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Type of economic activity (OKED) |
Priority types of economic activity |
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Refinancing |
Loans and leasing agreements with terms of 2 years or less from the initial issuance date qualify for refinancing. |
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Subsidy amount
Industries |
Interest rate |
Fixed rate paid by the private enterprise |
Processing and manufacturing industries |
Base rate established by the National Bank of Kazakhstan + 5% |
First 3 years – 8% |
4th year – 9% |
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5th year – 10% |
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Services |
3 years – 9% |
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Goods from domestic producers, high value-added products |
8% |
Conditions for guaranteeing projects of small and medium-sized businesses
Eligible entities |
Small and medium-sized businesses |
Maximum loan amount |
For investments – 1.5 billion tenge For construction – 500 million tenge |
Interest rate |
The base rate established by the National Bank of Kazakhstan + up to 5% |
Guarantee period |
Must not exceed the loan term |
Maximum guarantee amount |
50% of the loan (loan limit is 1.5 billion tenge) |
Eligible economic activities |
According to the National Classifier of Economic Activities, with the following exceptions:
Allowed economic activities:
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Maximum guarantee amount for financial leasing |
Must not exceed 50% of the leased item’s value |
Review period |
For loans of 750 million tenge or less – up to 5 working days For loans over 750 million tenge – up to 10 working days |
Terms for new entrepreneurs |
Maximum loan amount: 360 million tenge Guarantee period: must not exceed the loan term Guarantee amount must not exceed 85% of the loan |
Conditions for subsidizing projects of small, medium-sized, and large businesses
Eligible entities |
Small, medium-sized, and large businesses |
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Purpose |
Investments and construction |
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Interest rate |
Base rate established by the National Bank of Kazakhstan + 5% |
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Maximum subsidy amount (including syndicated loans issued for up to 5 years) |
For investments – 15 billion tenge For construction – 5 billion tenge |
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Subsidy period |
Period stated in the National Classifier of Economic Activities according to the Appendices #2 and 3 to the Investment Subsidizing Rules. For investments – up to 5 years For construction – up to 3 years For other purposes – up to 3 years Period stated in the National Classifier of Economic Activities according to the Appendices #4 to the Subsidizing Rules. For investments – up to 7 years For construction – up to 3 years For the procurement of goods from domestic producers and production of high value-added products – 7 years |
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Counter-obligations |
Incoming requirements:
Outgoing requirements: For investment projects, there must be a 10% increase in taxes, payroll, and job creation within 2 years. According to Article 24 of the Entrepreneurial Code of Kazakhstan, this means:
If subsidies are provided, then:
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Type of economic activity (OKED) |
In accordance with Appendices #2, 3 and 4 to the Subsidy Rules |
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Refinancing |
Loans and leasing agreements with terms of 2 years or less from the initial issuance date qualify for refinancing. |
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Subsidy amount |
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Industries |
Interest rate |
Fixed rate paid by the private enterprise |
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Manufacturing industry |
Base rate established by the National Bank of Kazakhstan + 5% |
First 3 years – 8% |
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4th year – 9% |
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5th year – 10% |
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Services |
3 years – 9% |
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Goods from domestic producers, high value-added products |
8% |
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Conditions for guaranteeing projects of small, medium-sized, and large businesses
Eligible entities |
Small, medium-sized, and large businesses |
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Industry |
According to the National Classifier of Economic Activities, with the following exceptions:
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Maximum loan amount |
3.5 billion tenge For construction – 1 billion tenge |
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Interest rate |
The base rate established by the National Bank of Kazakhstan + up to 5% |
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Maximum guarantee amount |
50% of the loan (loan limit is 3.5 billion tenge) |
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Guarantee period |
Must not exceed the loan term |
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Review period |
For loans of 750 million tenge or less – up to 5 working days For loans over 750 million tenge – up to 10 working days |
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Conditions for subsidizing entrepreneurship projects in single-industry towns, small towns, and villages
Eligible entities |
Small and medium-sized businesses |
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Purpose |
Investments, replenishment of working capital, and refinancing |
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Interest rate |
Base rate established by the National Bank of Kazakhstan + 5% |
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Maximum subsidy amount |
For investments – 1.5 billion tenge For construction – 500 million tenge |
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Maximum subsidy period |
For investments – 5 years For construction – 3 years (eligible for the construction of trade facilities up to 100 million tenge provided the applicant owns or rents non-residential space for trade purposes) |
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Counter-obligations |
For investment projects that achieve a 10% increase in taxes, payroll, or job creation within two financial years from the date of receiving state financing. |
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Refinancing |
Loans and leasing agreements with terms of 2 years or less from the initial issuance date qualify for refinancing. |
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Subsidy amount
Industries |
Interest rate |
Fixed rate paid by the private enterprise |
Processing and manufacturing industries |
Base rate established by the National Bank of Kazakhstan + 5% |
7% |
Services (including trade) |
10% |
Conditions for guaranteeing entrepreneurship projects in single-Industry towns, small towns, and villages
Eligible entities |
Small and medium-sized businesses |
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Industry |
Entities across all industries are eligible, with the following exceptions:
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Maximum loan amount |
For investments – 1.5 billion tenge For construction – 500 million tenge |
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Interest rate |
The base rate established by the National Bank of Kazakhstan + up to 5% |
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Maximum guarantee amount |
50% of the loan (loan limit is 1.5 billion tenge) |
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Guarantee period |
Must not exceed the loan term |
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Review period |
For loans of 750 million tenge or less – up to 5 working days For loans over 750 million tenge – up to 10 working days |
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Terms for new entrepreneurs |
Maximum loan amount: 360 million tenge Guarantee period: must not exceed the loan term Guarantee amount must not exceed 85% of the loan (loan limit is 360 million tenge) |
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Conditions for subsidizing parts of interest rates for social enterprises
Eligible entities |
Social enterprises |
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Purpose |
Investments, replenishment of working capital, and refinancing |
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Interest rate |
Base rate established by the National Bank of Kazakhstan + 5% |
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Fixed amount paid by the private enterprise |
7% |
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Maximum subsidy amount |
For investments – 1.5 billion tenge For construction – 500 million tenge |
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Subsidy period |
For investments – up to 5 years For construction – up to 3 years |
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Counter-obligations |
For investment projects that achieve a 10% increase in taxes, payroll, or job creation within two financial years from the date of receiving state financing. |
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Refinancing |
Loans and leasing agreements with terms of 2 years or less from the initial issuance date qualify for refinancing. |
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Background information
Categories of social entrepreneurship entities according to the Entrepreneurial Code of Kazakhstan:
First Category: A social entrepreneurship entity that promotes the employment of the following groups of citizens must ensure that, based on the results of the previous calendar year, the average annual number of employees from these categories is at least fifty percent (minimum of two individuals) and that the share of expenses on employee remuneration from these categories constitutes at least twenty-five percent of total labor remuneration costs. The social status of the employee is determined at the time of the employment contract's conclusion.
Persons with disabilities
Parents and legal guardians raising a child with disabilities
Pensioners and citizens of pre-retirement age (within five years of reaching retirement age)
Graduates of orphanages and boarding schools for orphans and children without parental care (under the age of twenty-nine)
Individuals released from prisons (within twelve months after release)
Homeless individuals
Parents and legal guardians from low-income, large, or single-parent families, as well as mothers of multiple children recognized with the Altyn Alka or Kumis Alka awards, those previously awarded the title of Mother Heroine, and recipients of the Order of Maternal Glory (1st and 2nd degrees)
Drug addicts who have completed medical and social rehabilitation or treatment for addiction to psychoactive substances (within twelve months post-rehabilitation or treatment)
Ethnic Kazakh repatriates relocating to Kazakhstan from neighboring countries
Second Category: A social entrepreneurship entity that sells manufactured goods or provides services to citizens from the categories specified in subparagraph 1 of this article. In this case, at least fifty percent of the entity's total income for the previous calendar year must derive from these activities. Additionally, at least fifty percent of the net income earned by the social entrepreneurship entity in the previous calendar year must be allocated to the continuation of these activities in the current calendar year, provided that there is net income from the previous year.
Third Category: A social entrepreneurship entity that produces goods or provides services for persons with disabilities, aiming to create conditions that help them overcome or compensate for limitations in their daily activities. This category also includes services intended for other individuals specified in subparagraph 1 of this article, promoting equal opportunities for participation in socially beneficial activities. To qualify, at least fifty percent of the entity's total income for the previous calendar year must come from these activities. Additionally, at least fifty percent of the net income earned by the entity in the previous year must be allocated to support these activities in the current calendar year, provided that there is net income from the previous year. The following types of activities are eligible:
Provision of social and domestic services to support daily living
Maintenance and preservation of health through care organization and systematic monitoring to identify health changes
Assistance in adjusting psychological states for better adaptation to the social environment
Provision of social and pedagogical services aimed at preventing behavioral deviations
Support for employment and resolution of issues related to labor adaptation
Enhancement of communication skills, rehabilitation, social adaptation, and social support services
Production and/or sale of medical equipment, prosthetic and orthopedic devices, digital healthcare software, and technical means exclusively for disease prevention and rehabilitation of persons with disabilities, including medical habilitation for children with disabilities
Organization of recreational and health improvement activities for persons with disabilities and pensioners
Implementation of additional educational programs
Creating access for persons with disabilities and low-mobility groups to social, transport, and recreational infrastructure, facilitating vehicle use, and providing universal communication services for information access
4. Fourth Category: A social entrepreneurship entity engaged in the following activities must ensure that at least fifty percent of its total income for the previous calendar year comes from these activities. Additionally, at least fifty percent of the net income earned in the previous year must be directed toward supporting these activities in the current calendar year, provided there is net income from the prior year:
Provision of psychological, pedagogical, and other services aimed at strengthening families, promoting family upbringing of children, and supporting motherhood and childhood
Organization of recreational and health improvement activities for children
Implementation of general educational programs for preschool education, primary education, basic secondary education, general secondary education, and technical and vocational education
Psychological and pedagogical support for children with disabilities, as well as medical and social assistance for students facing difficulties in school, including development and social adaptation
Training for employees and volunteers of socially oriented non-profit organizations to enhance the quality of services provided by these organizations
Cultural and educational services, including activities of private museums, theaters, libraries, archives, school studios, creative workshops, botanical and zoological gardens, cultural centers, and folk art centers
Environmental protection initiatives
Provision of geriatric and gerontological care to socially vulnerable groups, as specified in Article 79-3 of the Code, including the organization of health and longevity centers and activities promoting a healthy lifestyle
Conditions for guaranteeing projects of social entrepreneurship
Eligible entities |
Small and medium-sized businesses |
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Industry |
Entities across all industries are eligible, with the following exceptions:
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Maximum loan amount |
For investments – 1 billion tenge For construction – 500 million tenge |
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Interest rate |
The base rate established by the National Bank of Kazakhstan + up to 5% |
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Maximum guarantee amount |
50% of the loan (loan limit is 1 billion tenge) |
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Guarantee period |
Must not exceed the loan term |
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Review period |
For loans of 750 million tenge or less – up to 5 working days For loans over 750 million tenge – up to 10 working days |
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Term for new entrepreneurs |
Maximum loan amount: 360 million tenge Guarantee period: must not exceed the loan term Guarantee amount must not exceed 85% of the loan (loan limit is 360 million tenge) |
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Conditions for subsidizing part of the coupon interest rate
Eligible entities |
Small and medium-sized businesses |
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Purpose |
Investments, replenishment of working capital, and refinancing |
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Interest rate |
Base rate established by the National Bank of the Republic of Kazakhstan + 5% |
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Fixed amount paid by the private enterprise |
6% |
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Maximum subsidy amount |
Total nominal value of the bond issue must not exceed 5 billion tenge per issuer |
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Subsidy period |
For investments – up to 5 years For construction – up to 3 years |
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Industries |
In accordance with the National Classifier of Economic Activities |
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Counter-obligations |
For investment projects that achieve a 10% increase in taxes, payroll, or job creation within two financial years from the date of receiving state financing. If the loan exceeds 500 million tenge, then dividend payments are prohibited. |
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Subsidies for hotel chains |
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Industry |
National Classifier of Economic Activities (OKED) 5510 – construction, reconstruction, and equipment of new 3, 4, and 5-star hotels in regional centers. These hotels must operate under franchises from international hotel chains with a minimum of 1,000 hotel facilities in at least ten countries around the world. |
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Maximum subsidy amount |
Total nominal value of the bond issue must not exceed 7 billion tenge per issuer |
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Maximum subsidy period |
10 years |
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Interest rate |
Base rate established by the National Bank of Kazakhstan + 5% |
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Fixed amount paid by the private enterprise |
6% |
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Conditions for guaranteeing projects in Stock Exchange
(Rules for guaranteeing bonds issued by business entities)
Eligible entities |
Small and medium-sized businesses |
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Industry |
According to the National Classifier of Economic Activities, with the following exceptions:
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Total nominal value of the bond issue |
Must not exceed 5 billion tenge per issuer |
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Interest rate |
The base rate established by the National Bank of Kazakhstan + up to 5% |
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Guarantee amount |
Up to 50% of the total bonds issued, with a maximum of 2.5 billion tenge per issuer |
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Maximum guarantee period |
5 years, but it must not exceed the term of the bonds |
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Documents
Resolution of the Government of the Republic of Kazakhstan #754 titled "On state support for private entrepreneurship" issued on September 17, 2024.
Unified Comprehensive Program Implementation
Projects subsidized across all sectors from January 1, 2025 to February 1, 2025
Number
Regions | Unified Comprehensive Program | Portfolio Subsidization | Total |
Abai Region | 6 | 6 | |
Akmola Region | 6 | 6 | |
Aktobe Region | 96 | 96 | |
Almaty Region | 17 | 17 | |
Atyrau Region | 3 | 3 | |
East Kazakhstan Region | 4 | 4 | |
Almaty City | 11 | 11 | |
Astana City | 17 | 17 | |
Shymkent City | 46 | 46 | |
Zhambyl Region | 14 | 14 | |
Zhetisu Region | 9 | 9 | |
West Kazakhstan Region | 12 | 12 | |
Karaganda Region | 11 | 11 | |
Kostanay Region | 5 | 5 | |
Kyzylorda Region | 22 | 22 | |
Mangystau Region | 49 | 49 | |
Pavlodar Region | 15 | 15 | |
North Kazakhstan Region | 1 | 1 | |
Turkestan Region | 45 | 45 | |
Ulytau Region | 5 | 5 | |
Total | 394 | - | 394 |
REGION | Unified Comprehensive Program | Portfolio Subsidizing | TOTAL |
Abai Region | 0.4 | 0.4 | |
Akmola Region | 0.8 | 0.8 | |
Aktobe Region | 7.9 | 7.9 | |
Almaty Regio | 15.1 | 15.1 | |
Atyrau Region | 0.1 | 0.1 | |
East Kazakhstan Region | 0.3 | 0.3 | |
Almaty City | 3.9 | 3.9 | |
Astana City | 7.5 | 7.5 | |
Shymkent City | 7.8 | 7.8 | |
Zhambyl Region | 0.7 | 0.7 | |
Zhetysu Region | 0.5 | 0.5 | |
West Kazakhstan Region | 2.6 | 2.6 | |
Karaganda Region | 1.2 | 1.2 | |
Kostanay Region | 0.2 | 0.2 | |
Kyzylorda Region | 0.9 | 0.9 | |
Mangystau Region | 3.1 | 3.1 | |
Pavlodar Region | 0.6 | 0.6 | |
North Kazakhstan Region | 0.1 | 0.1 | |
Turkestan Region | 7.7 | 7.7 | |
Ulytau Region | 0.2 | 0.2 | |
Total | 61.6 | 0.0 | 61.6 |
Projects guaranteed from January 1, 2025 to February 1, 2025
Region | Number of signed guarantees | Total loan amount in KZT | Total guarantee amount in KZT |
Akmola Region | 2 | 167,801,000 | 42,175,257 |
Aktobe Region | 12 | 416,200,000 | 180,416,810 |
Almaty Region | 6 | 624,500,000 | 231,706,703 |
Atyrau Region | 2 | 218,000,000 | 94,782,400 |
East Kazakhstan Region | 10 | 499,700,000 | 163,660,200 |
Zhambyl Region | 4 | 193,400,000 | 75,100,000 |
West Kazakhstan Region | 6 | 550,620,000 | 255,365,000 |
Karaganda Region | 4 | 409,500,000 | 169,670,081 |
Kostanay Region | 3 | 95,000,000 | 39,791,489 |
Kyzylorda Region | 2 | 75,000,000 | 29,645,500 |
Mangystau Region | 2 | 119,000,000 | 50,500,000 |
Pavlodar Region | 5 | 231,000,000 | 127,967,754 |
North Kazakhstan Region | 1 | 25,000,000 | 21,250,000 |
Turkestan Region | 2 | 90,000,000 | 43,684,730 |
City of Shymkent | 2 | 61,000,000 | 18,100,000 |
City of Astana | 10 | 707,300,000 | 251,660,950 |
City of Almaty | 17 | 1,341,262,000 | 476,204,730 |
Aby Region | 1 | 110,000,000 | 22,021,200 |
Zhetysu Region | 5 | 340,000,000 | 134,405,411 |
Ulytau Region | 2 | 186,700,000 | 78,757,730 |
Total | 98 | 6,460,983,000 | 2,506,865,945 |
For more detailed information on the Program's implementation results, visit the Damu website https://damu.kz/en/reports/
