The concept was developed in order to fulfill the set objectives of the National Development Plan of the Republic of Kazakhstan until 2025. Thus, to solve the problem of creating specialized factors and market conditions in industrial sectors, it is envisaged to expand the tools of government incentives for manufacturers in the manufacturing industry, including package solutions within the framework of an agreement to increase competitiveness.
The concept was developed in order to fulfill the set objectives of the National Development Plan of the Republic of Kazakhstan until 2025. Thus, to solve the problem of creating specialized factors and market conditions in industrial sectors, it is envisaged to expand the tools of government incentives for manufacturers in the manufacturing industry, including package solutions within the framework of an agreement to increase competitiveness.
Basic conditions for financing of Industrial Development Fund JSC within the framework of the Concept for the Development of the Manufacturing Industry of the Republic of Kazakhstan for 2023 – 2029:
Financing of manufacturing industry projects
| Leasing term | no more than 20 years |
|---|---|
| Nominal interest rate |
9% per annum (financing amount is at least 80 million tenge), 3% per annum - for light industry projects (amount of financing not less than 50 million tenge) |
| Lending currency | tenge |
| Own participation | at least 15% from own funds of the total amount of financing (for projects aimed at increasing the localization of production, cash participation in the implementation of the project is allowed in the amount of less than 15%) |
Leasing financing for renewal/modernization of cars and special equipment; renewal of the fleet of agricultural machinery and buses
| Leasing term | no more than 7 years |
|---|---|
| Nominal interest rate | 7% per annum, while the ratio of budgetary funds and other funding means of the Industrial Development Fund joint stock company should be 80/20 |
| Lending currency | tenge |
| Advance payment | at least 15% from the local budget or the lessee’s own funds (in the case of repayment of leasing payments from the republican or local budgets, financing without an advance payment is allowed). At the same time, for bus models produced by a method that includes welding and painting operations, the advance payment is at least 5%. |
Leasing financing for motor vehicles, special-purpose vehicles, with the exception of agricultural machinery
| Leasing term | from 3 to 5 years |
|---|---|
| Nominal interest rate | 3% per annum |
| Lending currency | tenge |
| Advance payment | at least 30% (in the case of repayment of leasing payments at the expense of the National Road Management Operator, with 100% state participation in the authorized capital, exercising the powers established by the Law of the Republic of Kazakhstan “On Highways”, financing without an advance payment is allowed). Leasing financing based on the mechanism of public-private partnership is allowed. The sources of leasing financing will be funds from the republican budget. |
