Government • 15 July, 2018

Bakytzhan Sagintayev holds a meeting on issues of microcredit

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The Prime Minister Bakytzhan Sagintayev held a meeting on issues of microcredit within the framework of the Program for the Development of Productive Employment and Mass Entrepreneurship for 2017-2021.

At the meeting, issues of further development of the microcredit market in the country, creation of an infrastructure for provision preferential microloans, conditions for providing microcredits in rural settlements and small towns were discussed, as well as the results of the implementation of the Program for the Development of Productive Employment and Mass Entrepreneurship for 2017-2021 for the six months of 2018.

The reports at the meeting were made by the Ministers of National Economy Timur Suleimenov, Labor and Social Protection of the Population Madina Abylkassymova and First Vice Minister of Agriculture Arman Yevniev.

Recall, according to the Program for the Development of Productive Employment and Mass Entrepreneurship for 2017-2021, loans are issued for a period of 7 years, with a reward rate of 6% for the opening of microbusiness, the creation of microenterprises and anchor cooperatives, and the expansion of existing business.

As a result, the program will support about 22,000 representatives of small businesses and self-employed people, increase tax revenues to the budget and create new jobs.

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