About the Business Roadmap -2020 program
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On the status of the BRM -2020 “Business Roadmap 2020” is a program for issuing state grants and loans, reduction of the interest payments on loans, guarantees for loans and training of entrepreneurs, aimed at supporting and developing small and medium-sized businesses in Kazakhstan.
1.Financing for business in 2016
- 200 billion tenge is additionally allocated from the SAPF for SMEs
- 7.2 billion tenge was allocated from the National Fund of the Republic of Kazakhstan to subsidize SMEs without sectoral restrictions
2. Additional financial sources:
- Subsidizing and guaranteeing PPP projects that meet the program conditions;
- Subsidizing the interest rate on new microcredits without sectoral restrictions. Proposals of NCE RK "Atameken":
- Review requirements for effective projects: increase of enterprise income and taxes for the production sector, increase in the number of jobs for the service sector;
- Reduce the requirements for projects when infrastructure is being built in the framework of BRM-2020;
- Ensure reimbursement of entrepreneurs' expenses for the provision of infrastructure on the principle of investment subsidies;
- 19% current subsidy rate. Set a floating rate depending on the National Bank's base rate Formula: base rate + corridor of NB + second-tier banks margin = 16%
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