Three thousand microcredits to be financed this year — Ministry of National Economy

Prime Minister Bakytzhan Sagintayev instructed to keep under special control the issue of providing microcredits within the framework of the Program for the Development of Productive Employment and Mass Entrepreneurship.

Егемен Қазақстан
10.07.2018 273

After the consideration of the current implementation status of the Program for the Development of Productive Employment and Mass Entrepreneurship, the Prime Minister drew attention to the need to create conditions for the development of entrepreneurial potential, opening and running business, especially in the countryside. Today the unemployed, self-employed citizens and businesses are given the opportunity to obtain preferential microcredits for the implementation of business projects without sectoral restrictions. Bakytzhan Sagintayev noted that it is necessary to take control of the matter of development of funds allocated for the provision of microcredits.

"It is planned to provide 14,000 unemployed and self-employed with microcredits, also, under the initiative of the Head of State, the volume of microcredit financing was increased by 20 billion tenge. The half-year is over, we need to eliminate all the existing reasons that impede the development of this direction," the Prime Minister said.

In his turn, Minister of National Economy Timur Suleimenov stressed that the provision of microcredits in cities under the Program was realized for the first time in 2017. In the microcredit scheme, seven second-tier banks and two microfinance organizations are involved.

"The total portfolio of microcredit in cities, taking into account the funds of the previous year, is 24.3 billion tenge. Of these, in 2017 funds amounted to 11.9 billion tenge, and in 2018 — 12.4 billion tenge, including 6.1 billion tenge in addition allocated under the Five Social Initiatives of the Head of State," Suleimenov informed.

According to the minister of national economy, at the expense of the funds of 2017, 1,006 projects were financed for 11.1 billion tenge, which allowed the program participants to make the production worth 7.6 billion tenge, pay taxes to the budget in the amount of 299 million tenge.

"At the moment, at the expense of the funds of 2018, 226 projects for 2.6 billion tenge were financed and approved, and projects worth 3.4 billion tenge are under consideration in second-tier banks," Suleimenov said, stressing that in the current year the task is to finance 3,000 projects.

Along with the provision of microcredits on preferential terms, there is also the service of state guarantee in case of insufficient collateral of potential entrepreneurs.

"At present, 355 contracts of guarantee for 2 billion tenge have been concluded, of which in 2017 — 172 contracts amounting to 967 million tenge, in 2018 — 183 contracts amounting to 1.03 billion tenge. Almost every third loan is guaranteed," he said.

In addition, in order to promptly raise funds to the population, in December last year, measures were taken to reduce the maturity of funds by second-tier banks up to 6 months (from the current 12 months), the possibility of purchasing residential real estate and land plots with subsequent mandatory change of purpose was provided.

According to Suleimenov, in the current year, in order to support small projects of beginning entrepreneurs, active entrepreneurs are excluded from the Program.

LATEST

15.02.2019

Kazakh President meets with winners and prize-winners of international sports competitions

15.02.2019

Southern Gas Corridor can transport gas from Turkmenistan, Kazakhstan, says SOCAR

15.02.2019

Astana’s Lopez comes in 4th in sprint at Tour Colombia 2.1. Stage 3

15.02.2019

Askar Mamin presented new first deputy akim of Turkestan region

15.02.2019

New deputy mayor of Astana appointed

15.02.2019

Effectiveness of measures to ensure social well-being considered at meeting of Government Working Group

14.02.2019

President signs decree on military discharge of conscript soldiers

14.02.2019

Bakytzhan Sagintayev holds a meeting of State Commission for Modernization of Economy

14.02.2019

Yeldos Ramazanov appointed vice minister of culture and sports

14.02.2019

Nurzhan Altayev dismissed as vice minister of labor and social protection of the population

14.02.2019

Kazakh President meets with the participants of the project "100 new faces of Kazakhstan"

14.02.2019

Bakytzhan Sagintayev holds a meeting on development of rural areas

13.02.2019

Kazakh President meets with akim of the city of Shymkent, Gabidulla Abdrakhimov

13.02.2019

Nursultan Nazarbayev meets with Deputy of the Majilis Bakhytbek Smagul

13.02.2019

Shakespearean debut to be made at Astana Opera

13.02.2019

Kazakh Ambassador meets Global BOD Group

13.02.2019

JICA ​shares in Astana its experience in official development assistance

13.02.2019

​Kazakh Ambassador briefs media about trade and economic cooperation with Hungary

12.02.2019

B. Sagintayev instructs to take disciplinary action against employees of MIA for improper fire safety works

12.02.2019

Bakytzhan Sagintayev presents new minister to employees of Ministry of Internal Affairs

COLUMNISTS

Aliya Ashim, Journalist

Brazil’s version of Trump: why is it a «wake-up call» for the world?

<p style="text-align: justify;">A racist, a homophobe, a misogynist, a pro-torturer. Because of the profane outbursts and verbal abuse, he has earned such an image and was even considered as a political clown. Once he insulted lawmaker claiming that she was too ugly to be worth of raping. What is more, he said that he’d rather have a dead son than a gay one. Therefore, analysts concluded that Brazil has elected the most extremist president among democratic countries. So why did Brazil decide to make «really radical shift»? How did such an «extreme» and «unpleasant» figure become a president?<br /> </p>

Jylkybay Jagyparuly,

Mechanical engineering is a potential pillar of the economy

In industrialized countries, one of the most important indicators of the economy is the level of development of the machine-building industry. Independent Kazakhstan, striving to achieve ambitious goals, is making great efforts to develop machine building in the process of diversifying its economy.

Alisultan Kulanbay,

June 4 - Day of State Symbols of Kazakhstan

State symbols - the State Flag, State Anthem and State Emblem demonstrate to the world the independence of the Republic of Kazakhstan, also continuity between the past, the present and the future of the state.

Ainash ESALI,

Is it all good that they advertise?

Advertising is the driving force of production and business. This is an indisputable fact.

Nazira RAKHMANKYZY, Film critic

Splash of commercial films in Kazakhstan

Last year, the number of feature films which filmed reached thirty-six in Kazakhstan. We should say that it is an unprecedented figure in the history of Kazakh cinema in the last quarter century.

Comments(0)

ADD A COMMENT