National Entrepreneurship Development Project for 2021-2025 (subsidizing)
Benefits
Terms
Participants | small business entities, including micro-entrepreneurship entities |
Business areas | without sectoral restrictions, except for: 2) loans aimed at agricultural purposes* 3) activities of pawnshops, microfinance organizations and leasing companies 4) the sphere of trade (the ban does not apply to small entities, including micro-entrepreneurship entities, implementing projects in mono and small towns, rural settlements), while trade in food products is allowed |
Lending purposes | investments; replenishment of working capital |
Maximum loan amount | for investments - no more than KZT 20 million, for replenishment of working capital - no more than KZT 5 million |
Interest rate | the amount must not exceed the size of the base rate of the National Bank of Kazakhstan + 7 percentage points (annual effective interest rate is from 25,97% per annum)** |
Subsidy amount*** | 15.75% is subsidized by the state, and the difference is paid by the entrepreneur for small business entities, including micro-entrepreneurship, implementing projects in settlements, single-industry and small towns, and rural settlements****, and social entrepreneurship entities - 16.75% is subsidized by the state, and the difference is paid by the entrepreneur |
Subsidy period | for replenishment of working capital up to 2 years without prolongation for investments up to 3 years without prolongation |
Collateral | for loans up to KZT 5 million - not required for loans over KZT 5 million - acceptance of movable/ immovable property as collateral |
* Excluding projects that meet the conditions of Halyk-Agro Program (loans over 5 million tenge).
** At nominal annual interest rate of 23,75% 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.
**** For projects implemented in Zhezkazgan and Konayev, the terms of subsidizing interest rates on loans / finance leasing agreements of entrepreneurs implementing projects in settlements, including single-industry and small towns, and rural settlements, shall be applied to applications submitted until 31 December 2023.
Participants | small and/or medium business entity |
Business areas | - entrepreneurs/subjects of industrial and innovative activity implementing and (or) planning to implement their own and effective projects in priority sectors of the economy, by the list according to the List of priority sectors of the economy specified in the Decree* - projects implemented in settlements, including mono and small towns, rural settlements, with the exception of cities of national importance/ regional centers, are carried out without sectoral restrictions |
Lending purposes | -for the implementation of an effective** investment project, as well as a project aimed at modernizing and expanding of production; |
Maximum loan amount | -cannot exceed KZT 3 billion per one entrepreneur. If a loan is provided to several affiliated entrepreneurs for the implementation of one business project, then this amount cannot exceed KZT 3 (three) billion. - can not exceed KZT 1.5 billion per one entrepreneur. The amount of the loan, taking into account all existing loans for projects in settlements, including mono and small towns, rural settlements, with the exception of cities of national importance/ regional centers. |
Interest rate | the amount must not exceed the size of the base rate of the National Bank of Kazakhstan + 5 percentage points (annual effective interest rate is from 23,49% per annum)*** |
Subsidy amount**** | 13.75% is subsidized by the state, and the difference is paid by the entrepreneur for small business entities, including micro-entrepreneurship, implementing projects in settlements, single-industry and small towns, and rural settlements*****, and social entrepreneurship entities - 14.75% is subsidized by the state, and the difference is paid by the entrepreneur |
Subsidy period | for replenishment of working capital up to 3 years without prolongation |
Refinancing | subject to loans with a term of not more than 2 years from the date of issuance of the first loan |
* Decree of the Government of the Republic of Kazakhstan No. 1060 dated 31 December 2019.
** The entrepreneur confirms an increase in income (sales income: the cost of goods, works, services sold from the main activity) or an increase in the amount of taxes paid (corporate income tax/ individual income tax), by 10% after 2 (two) financial years from the date of the resolution of the financial agency.
*** At nominal annual interest rate of 21,75% and the NBK base rate of 16,75%.
**** In case of a reduction of the prime rate set by the National Bank of the Republic of Kazakhstan as of 6 December 2022, the subsidized part of the interest rate shall be reduced by an equivalent change to the reduced value of the prime rate of the National Bank of the Republic of Kazakhstan.
***** For projects implemented in Zhezkazgan and Konayev, the terms of subsidizing interest rates on loans / finance leasing agreements of entrepreneurs implementing projects in settlements, including single-industry and small towns, and rural settlements, shall be applied to applications submitted until 31 December 2023.
Contacts
Contacts | Details |
Fax-server: (727) 259-02-71 | |
Teletype: 251866 KPOKET | |
Telex: 251531 HSBK KZ | |
| SWIFT: HSBKKZKX |
Reuters: Dealing SVKZ | |
E-mail: info@halykbank.kz | |
Postal address: 40, Al-Farabi Ave., А26М3К5, Almaty | |
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)
Marketing, press service | |
Chancellery | |
Treasury Department | |
Bonus Club | |
Corporate Banking Department | |
Pavlodar branch (legal entities) | |
Pavlodar branch (individuals) | |
South Kazakhstan oblast branch | |
West Kazakhstan oblast branch |
How to apply
Contact your bank manager for document filing
The Bank will review the loan application and make a decision
Sign a contract and take funds