250 Billion Liras of Employment-Oriented Financing Support for the Industrial Sector
Provided that businesses maintain their employment levels for the January-June period, 12 points of the cost will be covered, and the application process will begin on September 1.
Stating that they will cover 12 points of the financing cost for credits used by businesses that maintain their average employment levels from January to June during the July-December period, Minister of Industry and Technology Mehmet Fatih Kacır announced that applications for the new 250 billion lira financing package can be made starting September 1.
Emphasis on Production-Oriented Development
Speaking at the Manufacturing Industry Financing Support Promotion Program, Minister of Industry and Technology Mehmet Fatih Kacır emphasized that the path to permanent welfare, sustainable development, and full independence goes through production.
Interest Support for Businesses Protecting Their Employment
12 points of the financing cost for credits utilized by businesses that maintain their average employment levels from the January-June period during the July-December period will be covered by the state.
It was stated that thanks to this practice, the annual financing rate for fixed-cost loans will drop to around 25 percent.
Credit Limits Increased and Application Date Clarified
It was announced that under the Program to Protect Employment in the Manufacturing Industry, the upper credit limit for large enterprises was raised from 50 million liras to 150 million liras.
It was reported that businesses can apply starting September 1 for the total 250 billion lira financing package, which will also offer surety support for SMEs.