As part of the new strategy of the National Management Holding Baiterek, the Industrial Development Fund JSC — a subsidiary of the Development Bank of Kazakhstan and member of the holding structure — announces the introduction of a unified interest rate for new investment projects financed in tenge.
In order to provide systematic and sustained support to domestic manufacturers and entrepreneurs, and in response to current market conditions, the Fund has set a single annual financing rate of 12.6%.
With this standardized rate, the Fund plans to continue financing projects aimed at comprehensive modernization and the establishment of new production facilities in Kazakhstan's manufacturing sector. The rate also applies to projects in energy and transport-logistics infrastructure, including the development of warehouse spaces and logistics centers.
Previously, interest rates varied depending on the specific financing program. With this change, the Fund is adopting a flat rate regardless of the program framework, simplifying access to funding for businesses.
To digitalize business processes and streamline application review timelines, the Fund has developed and launched the "Personal Account" system on the website www.idfrk.kz. The system operates online and does not require the applicant's physical presence.
Since 2024, in line with Kazakhstan’s Green Economy Transition Concept, the Fund has also been implementing a program in partnership with the Ministry of Ecology and Natural Resources and Zhasyl Damu JSC. This program supports companies engaged in the sorting, processing, and disposal of municipal solid waste, aiming to promote environmental sustainability. These environmentally oriented projects are eligible for a preferential financing rate of just 3% per annum, encouraging the growth of eco-friendly initiatives and reducing environmental impact.
The Industrial Development Fund emphasizes that all its strategic efforts are aimed at strengthening Kazakhstan’s economic potential through consistent investment in the manufacturing and infrastructure sectors.
In 2024 alone, the Fund directed over 778 billion tenge in direct investments into the economy and supported 318 industrial and infrastructure projects.
Moreover, the Fund has shown strong financial growth: in just 18 months, its portfolio has doubled, rising from 1 trillion tenge in 2023 to 2 trillion tenge by early 2025.
