The Industrial Development Fund continues to accept applications for financing manufacturing industry projects

Industrial Development Fund JSC (a subsidiary of Development Bank of Kazakhstan JSC, hereinafter referred to as the Fund) announces the continuation of accepting applications under the Program for Financing Manufacturing Industry Projects for Small and Medium-Sized Businesses.

Manufacturing industry enterprises within the framework of the Program can receive financing through leasing or lending instruments within the framework of the Concept for the Development of the Manufacturing Industry of the Republic of Kazakhstan for 2023-2029.

Conditions for financing light industry:

• lease financing/credit term – from 3 to 10 years;
  
• financing currency – tenge;
  
• down payment (advance payment) – at least 15% of the project cost;
  
• interest rate – 3%;
  
• financing amount from 50 million tenge;
  
• presence of the project under consideration in a single industrialization map;
  
• counter obligations on the minimum wage and local content of purchased goods, works and services.
  

Financing conditions for small and medium-sized businesses:

• lease financing/credit term – from 3 to 20 years;
  financing currency – tenge;
  down payment (advance payment) – at least 15% of the project cost;
  
• interest rate – 9% per annum;
  
• financing amount – from 80 million tenge;
  
• presence of the project under consideration in a single industrialization map;
  
• counter obligations on the minimum wage and local content of purchased goods, works and services.
  

The program is aimed at supporting domestic manufacturing enterprises, whose products cover the needs of the domestic market and will increase the country’s export potential.
Detailed information on the Program and on the preparation of applications for funding can be obtained from the Industrial Development Fund JSC by phone: 8 (7172) 79-63-20.