BAKU, Azerbaijan, May 4
Trend:
As part of expanding the access of SMEs to financing, concessional lending worth 2.5 trillion tenge will be allocated to about 47,000 projects in Kazakhstan in 2021, Prime Minister of Kazakhstan Askar Mamin said, Trend reports citing the Kazakh media.
Mamin made the remark at a governmental meeting.
He added that work was carried out in the country to reduce the time for consideration of business applications for entrepreneurship support programs from 21 to 5 working days.
“The digitalization of public services in the framework of subsidizing and guaranteeing loans has increased to 97 percent this year,” the PM said.
“From April 1 to July 1, 2021, a deferral was introduced for the payment of all taxes from the wage fund for SMEs. This allowed the business to save about 200 billion tenge. The forced collection of tax and customs debts of SMEs has been suspended until July 1, 2021. This will help the business to free up 279 billion tenge for working capital,” said Mamin.
“Measures have been taken to defer payments on loans in second-tier banks until July 1, 2021. The volume of deferred payments will amount to 750 billion tenge,” he noted.
“Now our task is to help entrepreneurs develop their business. The measures taken will make it possible to form up to 0.8 percentage points in the structure of economic growth this year,” the prime minister added.