Askar Mamin directed to consider extending the plan to the end of 2022
Prime Minister Askar Mamin chaired the meeting of the Entrepreneurship Project Office.
Currently, the project office conducts comprehensive monitoring of KazAgro Holdings’ preferential loan program “Economy of Simple Things”, “Business Roadmap to 2025”, “Kendala” and other financial instruments. As of today, the “Economy of Simple Things” program has implemented 72% of the total financing amount-the second-tier banks have approved 2,903 projects worth 724.1 billion tenge, and 2,317 projects worth 579.3 billion tenge. The expected effect of implementing the approved project is to create approximately 22,000 jobs.
On April 13, 2021, the seventh set of amendments came into effect within the framework of the “Economy of Simple Things” plan, which stipulates the expansion of priority activities and commodities that need support, including leasing companies as plan operators and financial institutions The minimum equity capital requirement of Tenge was reduced from 60 tenge to 50 billion tenge.
A positive implementation rate has also been observed under the “Business Roadmap 2025” plan. Therefore, from January to February, 669 projects received a subsidy of 88.2 billion tenge (subsidy amount was 8.7 billion tenge). In the first quarter of 2021, a guarantee of 8294 billion tenge was provided for 6874 projects (guarantee amount was 45.6 billion tenge). As part of the improved DKB-2025 plan, the conditions for refinancing loans have been modified-the list of affected industries has been expanded to 174 activity types (+145 OKED), and the deadline for accepting applications has been extended to July 1, 2021 .
Through the financial instruments of KazAgro Holding Company, in the first quarter of 2021, loans of 106.8 billion tenge were issued for 3,757 projects. “The opportunities for companies to obtain subsidies, guarantees and preferential loan facilities are very important issues. We see entrepreneurs’ interest in simple things economy. “It is necessary to consider the issue of extending the program to the end of 2022, taking into account at least 500 billion Tenge funds, and it is possible that 100% of the working capital will be supplemented by bonds in all areas of the program,” Askar Mamin said.
The head of government instructed to ensure the control of local content in standardized procurement, fill in the “Regional Economic Map” in a timely and high-quality manner, and complete the certification of domestic enterprises to load their production capacity, accelerate the establishment of microfinance organizations, and start accepting business Application. Instruct the Ministry of Agriculture, the Competition Protection and Development Bureau, and the Ministry of National Economy to jointly study the issue of improving the mechanism for subsidizing agro-industrial complexes through the “Goldau” system.