Economy of Simple Things (subsidy)
Benefits
Terms of the Program
| Participants | small, medium, and large businesses |
| Permitted industries | manufacturing industry and services processing in the agro-industrial complex production in the agro-industrial complex |
| Project requirements | release of at least one product from the list tied to CCEA specific type listed in the resolution* |
| Loan requirements | new and existing loans issued by banks after the effective date of the resolution are allowed* |
| Loan interest rate | the amount must not exceed the size of the base rate of the National Bank of Kazakhstan + 4,5 percentage points (annual effective interest rate is from 23,8% per annum)** |
| Subsidy amount |
|
| Project purpose | investments and / or working capital |
| Subsidized loan limit |
|
| Subsidy period | for investments – 7 years, for working capital – 3 years, without further prolongation of the subsidy period |
| Grace period / deferral for the payment of the unsubsidized portion and / or principal debt | no more than one third of the loan term |
* Resolution of the Government of the Republic of Kazakhstan No.820 dated 11 December 2018.
** At nominal annual interest rate of 21,25% and the NBK base rate of 16,75%.
*** If the prime rate set by the National Bank of the Republic of Kazakhstan as of 6 December 2022 decreases, the state-subsidized part of the interest rate shall be reduced by the change equivalent to the reduced value of the prime rate of the National Bank of the Republic of Kazakhstan.
Learn more about the program on the website of Damu Fund.
Саll Center: 1408/+7 800 080 18 90 (toll free across Kazakhstan), +7 (727) 244 55 77 (Almaty)