1 Billion Lira Financing Package Launched for the Industrial Sector
Details of the new support package prepared to accelerate strategic investments in the manufacturing industry have been finalized.
Minister of Industry and Technology Mehmet Fatih Kacır announced that the Priority Financing Document support package with a limit of 1 billion TL has been put into effect for manufacturing industry investments.
The Purpose of the Financing Package
The Ministry of Industry and Technology has taken a new step to strengthen the country's industrialization journey and accelerate strategic investments. In this context, Priority Financing Documents are issued for investments in the manufacturing industry, offering long-term credit opportunities to industrialists.
Investments Included in the Scope
Within the framework of the Investment Commitment Advance Loan Program, all manufacturing industry investments with incentive certificates of 100 million TL and above have been included. Investors supported on a project basis and holding a Strategic Investment Certificate will be granted this document directly.
Scoring Criteria
For other incentive certificates, criteria such as value-added potential, efficiency, sectoral impact, rapid contribution to the economy, and having R&D capabilities will be applied. Projects scoring fifty and above according to these dimensions will be able to benefit from the support.
Application Process and Conditions
Investments holding a Priority Financing Document will be able to apply to banks to benefit from loans with favorable maturities and conditions up to one billion liras and fifty percent of the investment. It was reported that applications will be made via the relevant website.