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- October 13, 202619°
- BIST10012,151-0.94%
- USD49.220.00%
- EUR55.21+0.28%
- GOLD4,195.90-0.48%
- INTEREST37.00%-1.00
- BITCOIN82,825-1.01%
- October 13, 202619°
Minister Kacır announces up to 75 million liras in financing for SMEs
Minister Kacır announced that loans of up to 75 million liras will be provided under a support package aimed at increasing SMEs’ high-value-added production and export capacity. The program will also offer 20 percentage points in non-repayable financing support and a Credit Guarantee Fund guarantee; businesses can apply until September 30.
Minister Kacır provided information about a financing package that will support SMEs in producing higher-value-added goods, gaining a stronger position in international markets and achieving sustainable growth.
Under the Global Competitiveness Support Program, which will be administered by KOSGEB, businesses will have access to loans of up to 75 million liras. The package will also include 20 percentage points in non-repayable financing support and a Credit Guarantee Fund guarantee.
Businesses eligible to apply
Businesses that are growing rapidly, increasing their exports and expanding their research and development investments will be eligible to apply to the program. Medium-sized enterprises operating in high-tech fields, as well as businesses carrying out activities related to products included on the priority products list under the HAMLE Program, will also be able to benefit from the support.
Businesses covered by the Turcorn 100 Program will also be able to apply. The program entered into force in 2025 and provided SMEs with access to a total of 3 billion liras in financing.
Applications open until September 30
Businesses can apply for the support program through KOSGEB’s website until September 30.
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