Emblem
Official Source of the
Prime Minister of the
Republic of Kazakhstan
Menu
Emblem
Close button

New package of measures to support SMEs prepared in Kazakhstan — Aset Irgaliyev

Tuesday, 03 August 2021, 14:59:25

At the government session chaired by Prime Minister Askar Mamin, the issue of the implementation of anti-crisis measures to support business was considered.

Minister of National Economy Aset Irgaliyev, First Deputy Chair of the Agency for Regulation and Development of the Financial Market Oleg Smolyakov, Akim of the Almaty Region Amandyk Batalov presented their reports.

As the Minister of National Economy noted in his report, in the context of a pandemic and continuing restrictions on the activities of entrepreneurs, the support of small and medium-sized businesses is of particular relevance.

In this regard, incl. work on concessional lending to SMEs continues under the programs Business Road Map 2025, Economy of Simple Things, Enbek and Employment Road Map programs, as well as the National Bank's concessional lending program to replenish working capital.

The final rate on loans, as noted by the minister, is 6% per annum. The financing of working capital replenishment has been significantly expanded, the amount of loans has been increased, industry restrictions have been lifted, and affordable microcrediting has been launched for micro and small businesses.

For the first half of this year more than 31 thousand projects worth over 1 trillion tenge received concessional financing.

According to him, SME loans are being refinanced to support entrepreneurs in the affected sectors of the economy. The list of types of economic activities has been expanded. The subsidy period was extended by 3 months. For these purposes, 18.4 billion tenge was allocated from the budget.

To subsidize new business projects under the programs Business Roadmap and Economy of Simple Things, an additional 13.2 billion tenge was allocated from the budget in July. The total amount of funding for the two programs amounted to 186.3 billion tenge.

“Also in July of this year. microcrediting of graduates of the Bastau-Business project was started within the framework of the Employment Roadmap program. Allocated 22.5 billion tenge. It is planned to finance about 5,000 projects of rural start-up entrepreneurs,” Irgaliyev noted.

According to the results of the 1st half of this year, within the framework of the programs Business Roadmap 2025 and Economy of Simple Things 12,447 projects were subsidized for a total amount of loans of 441 billion tenge, guarantees were provided for 10,788 projects for a total of loans of 187 billion tenge. As part of the ACC, 134 projects were supported for loans of 5.9 billion tenge.

“The largest number of supported projects in the first half of this year. on the instrument of subsidizing loans was noted in the cities of Nur-Sultan, Almaty and Zhambyl region; on the instrument of guarantee — in Zhambyl, Turkistan regions and the city of Nur-Sultan,” Irgaliyev noted.

According to him, on the basis of a survey of more than 50 thousand business entities conducted by Atameken NCE, a new package of measures to support SMEs has been prepared.

In particular, an updated Comprehensive Plan to Restore Economic Growth for 2021 is being implemented, which provides for more than 60 support measures, including in the areas of reducing the burden on businesses, providing access to demand markets, and introducing a new regulatory policy (Smart regulation).

In addition, as the minister noted, from January 1 of this year. a new special retail tax regime was introduced at a rate of 3% on income received in the affected industries.

From April 1, 2021, to July 1, 2021, deferrals were provided for the payment of taxes from the wage bill in the affected industries.

From July 1, 2021, the right of additional VAT offset in the amount of 70% for newly created manufacturing companies was granted, the cost of protective equipment provided to employees of business entities was exempted from the IIT.

“Starting next year, measures are envisaged to exempt businesses from CIT on income used for reinvestment in new fixed assets,” Irgaliyev noted.

Also, according to the minister, in order to drastically reduce the burden on business, to form an optimal and effective regulatory system, new approaches to regulating entrepreneurial activity are being formed from a blank slate.

They provide for: improving the basic principles of interaction between the state and entrepreneurship, the conditions for establishing requirements, the institution of regulatory appeal, an experimental legal regime; register of mandatory requirements, reporting automation, improving state control, excluding the use of retroactive legal acts for business.

Currently, according to the minister, the relevant bill is under consideration in the Parliament.

“Work to support small and medium-sized businesses is carried out in close cooperation with NCE Atameken, the business ombudsman and the business community,” Irgaliyev noted.

On a regular basis, according to the minister, business issues are discussed within the framework of the Project Office on Entrepreneurship.

As the minister further noted, in a difficult epidemiological situation, one of the main ways to maintain the ability to fully operate a business is the widespread use of the Ashyq application.

“At the moment, this is the only way for business to restructure business processes in order to profit from entrepreneurial activity and protect the health of citizens,” Irgaliyev noted.

According to him, understanding and assistance of entrepreneurs on this issue is necessary here. A conscientious approach and business responsibility in using Аshyq is important.

In this regard, local executive bodies and regional chambers of entrepreneurs need to intensify work on the implementation and correct use of the Ashyq application by entrepreneurs.

“The Ministry of National Economy will continue to monitor the situation of small and medium-sized businesses,” Irgaliyev summed up.

Oleg Smolyakov, First Deputy Chair of the Agency for Regulation and Development of the Financial Market, provided information on lending in numbers.

According to him, loans to the economy in 2020 increased by 5.5% to 14.6 trillion tenge, including SMEs by 7.2% to 4.2 trillion tenge, thanks to a set of anti-crisis measures by the Government, the National Bank and the Support Agency economy, business and population.

"In the current year, against the backdrop of economic recovery, there is an increase in bank lending. For 6 months, loans to the economy increased by 7.5% to 15.7 trillion tenge. Loans to SMEs increased by 1.8% to 4.3 trillion tenge,” Smolyakov noted.

According to him, in 2020, in connection with the introduction of a state of emergency and quarantine restrictions due to a pandemic, to support the population and SMEs for the period from March 16 to Oct. 1, a measure was first implemented to provide deferred payments under bank loan and microcredit agreements.

Due to the scale of the consequences of the pandemic for the population and business, as well as the introduction of unprecedented quarantine restrictions, a deferral was automatically provided to all SMEs from the affected sectors of the economy, as well as to other borrowers whose financial situation deteriorated due to the introduction of the state of emergency and quarantine.

As a result, this support measure covered 12 sectors of the economy and 346 types of economic activity, and from March 16 to Oct. 1, 2020, 12.5 thousand SMEs took advantage of the right to defer loans for a period of 3 to 6.5 months in the amount of 209 billion tg.

On April 1, 2021, the Head of State instructed the Agency for Regulation and Development of the Financial Market and the National Bank to work out the possibility of deferring payments on loans to SMEs in the affected sectors of the economy.

There is a differentiated procedure for granting deferral depending on the categories of business entities.

To obtain a deferred payment, micro and small businesses had to apply to the lender with a statement without supporting documents about the deterioration of the financial situation. The postponement of the specified subjects is provided automatically.

Medium-sized businesses were required, when submitting an application, to attach documents confirming the deterioration of the financial condition of the organization as a result of the quarantine measures.

The grace period ranged from 30 to 90 days at the option of the SME entity.

As Smolyakov further explained, the choice of the SME entity was provided with 3 alternative payment schedules for the loan: (1) in the form of an even distribution of deferred payments until the end of the loan term, (2) increasing the loan term for the grace period, or (3) another payment schedule for the choice of the borrower.

During the grace period, claims work, notification of the need to repay overdue debts, as well as the creditor's collection of commissions and other payments were suspended in relation to the borrower.

In order to cover as many borrowers as possible, whose activities have suffered due to quarantine restrictions, the Agency carried out information and explanatory work in the media to cover the postponement mechanism. Measures have been taken to notify the borrowers of SMEs from the affected industries by banks and MFOs about the possibility of obtaining a deferred loan payments.

In the first half of this year, the recovery of the economy and business activity of business entities took place under conditions of softer quarantine restrictions compared to the measures of 2020. Within the framework of the mechanism for subsidizing interest rates up to 6% per annum, developed on behalf of the Head of State, on all existing loans to SMEs in the affected sectors of the economy, assistance was provided to 4 thousand SMEs for 21.2 billion tenge.

In addition, as Smolyakov noted, banks, together with business entities, since the beginning of 2021, have taken measures to restructure overdue debts on loans provided to 114 SMEs in the amount of 4 billion tenge. There are concessional lending programs (Program of concessional lending to replenish working capital, the Economy of Simple Things, Business Roadmap 2025).

“These measures in combination have allowed many SMEs to reduce the level of debt burden to an acceptable level, to use the freed up funds for current work, thereby returning to normal activities,” Smolyakov said.

In this regard, as of July 1, 2021, second-tier banks received applications for deferred payments on loans to 592 borrowers-SMEs, of which 547 SMEs received deferrals in the amount of 9.3 billion tenge. 129 SMEs submitted applications for a deferral to MFOs, of which the deferral was granted to 95 entities in the amount of 102.1 million tenge.

In the Almaty region, as reported by the akim Amandyk Batalov, there are about 124.8 thousand small and medium-sized businesses, of which, in the current year. more than 1 thousand business entities were opened. This area employs 262 thousand people.

Despite the work in a pandemic, the dynamics of the share of SMEs in the GRP structure is increasing. If in 2020 the growth was 1.4% and reached 34%, then in the current year. it is planned to reach 34.3%.

“The anti-crisis measures taken by the Government have provided substantial support to entrepreneurs. In total, 928 business entities received tax incentives in the amount of 2.5 billion tenge, 418 entities were provided with deferrals for loans in the amount of 3.2 billion tenge,” Batalov noted.

The accrual of rent at state-owned facilities has been suspended.

This option was used by 219 SMEs in the amount of 50.8 million tenge.

State support creates the necessary conditions for the successful development of entrepreneurship.

So, according to the Business Roadmap-2025, the Enbek program and the Employment Roadmap 2021-2022 in the current year. about 24 billion tenge is provided, which is 2.5 times more than last year.

“Due to this, we plan to provide support to over 2.5 thousand small and medium-sized businesses with the creation of 5 thousand and the preservation of more than 7 thousand jobs,” Batalov noted.

Currently, according to the akim, 1,400 projects have been financed for 12.3 billion tenge, more than 3,000 new jobs have been created.

In addition, within the framework of the Economy of Simple Things program, 267 projects are being worked out for 87.5 billion tenge.


News feed
22 October 2021, 14:33
Government hosts meeting on implementation of instructions of the Head of State given at APK Council meeting
22 October 2021, 13:25
Quality Education "Educated Nation" — Aimagambetov speaks about main directions of national project
21 October 2021, 17:22
Transportation of goods across Kazakh-Chinese border discussed by Deputy Prime Ministers of the two countries
21 October 2021, 17:11
Ulttyq Ruhani Zhangyru. Aida Balayeva reports on main directions of national project
21 October 2021, 16:02
Askar Mamin inspects progress of reconstruction of largest highway in Western region
20 October 2021, 20:25
Prime Minister of Kazakhstan Askar Mamin holds telephone conversation with Prime Minister of the Russian Federation Mikhail Mishustin
20 October 2021, 16:33
Prime Minister Askar Mamin chairs meeting of Commission on Digitalization
20 October 2021, 10:46
Yerzhan Yerkinbayev appointed Vice Minister of Culture and Sports of the Republic of Kazakhstan
19 October 2021, 11:23
Alikhan Smailov chairs meeting of Interdepartmental Commission on foreign trade policy and participation in international economic organizations
19 October 2021, 10:46
Covid-19 incidence in Kazakhstan decreased by 17% over past two weeks — Ministry of Healthcare
19 October 2021, 10:30
In 2021, 106 billion tenge allocated for development of villages under Auyl - El Besigi project — Aset Irgaliyev
19 October 2021, 09:39
Askar Mamin instructs to ensure integrated and unified approach to development of rural areas
19 October 2021, 09:24
Over 8 million Kazakhstanis received first component of coronavirus vaccine
18 October 2021, 15:09
Government session to be held Oct. 19 in Ukimet Uyi
18 October 2021, 15:09
Increasing labor productivity, export production and income of rural residents — what tasks are posed by national agro-industrial complex
16 October 2021, 12:21
Askar Mamin instructs to increase efficiency of work of akimats on stabilizing prices
15 October 2021, 18:30
Healthy nation. What areas does national project of the Ministry of Healthcare include
15 October 2021, 11:34
Talgat Momyshev appointed Vice Minister of Ecology, Geology and Natural Resources
14 October 2021, 20:42
Yeraly Tugzhanov and UN Assistant Secretary General discussed priority areas of cooperation between Government of Kazakhstan and UNDP
14 October 2021, 18:06
Askar Mamin inspects implementation of large transport infrastructure projects
13 October 2021, 20:21
Revaccination, work of business facilities and herd immunity — Yeraly Tugzhanov chairs meeting of Interdepartmental Commission
12 October 2021, 15:26
Government discusses issues of cooperation between Kazakhstan and OECD
12 October 2021, 13:19
Government presents national projects for development of Kazakhstan
12 October 2021, 12:47
For 9 months of 2021, positive growth dynamics remained in all economic sectors — Aset Irgaliyev
12 October 2021, 10:27
Government approves national development projects
12 October 2021, 09:42
Pace of economic recovery in Kazakhstan accelerated to 3.4% over 9 months
11 October 2021, 17:45
Prime Minister Askar Mamin meets with leadership of Chevron
11 October 2021, 17:07
Government session to be held Oct. 12 in Ukimet Uyi
11 October 2021, 12:52
Government approves postponement of holidays in 2022
11 October 2021, 09:20
Askar Mamin's visit to the UAE: Pool of new joint projects to exceed $6 billion
09 October 2021, 12:37
Askar Mamin holds meeting on prices for socially significant food products, fuels and lubricants
09 October 2021, 07:59
Yeraly Tugzhanov takes part in opening of Palace of Arts in Uralsk
08 October 2021, 20:23
Yeraly Tugzhanov visits social facilities of West Kazakhstan region
08 October 2021, 17:43
Council on Improving Investment Climate considers development of alternative energy
08 October 2021, 08:25
Askar Mamin discusses implementation of joint projects in petrochemical industry with Head of SIBUR Dmitry Konov
06 October 2021, 15:02
Askar Mamin meets with Head of World Customs Organization Kunio Mikuriya
05 October 2021, 18:28
Yerlan Aukenov relieved as Vice Minister of Labor and Social Protection of Population
05 October 2021, 16:37
FDI in economy of Kazakhstan increased by 30.4% in first half of 2021
05 October 2021, 16:14
Roman Sklyar meets with representatives of Korean business community
05 October 2021, 13:11
Implementation of Comprehensive Plan for Socio-Economic Development of Mangystau Region: Over 60 thousand new jobs to be created by 2025
05 October 2021, 12:47
Prime Minister Askar Mamin meets with Head of Alstom Henri Poupart-Lafarge
05 October 2021, 11:16
Area of ​​irrigated land to be increased to 3 million hectares by 2030 in Kazakhstan — Brekeshev
05 October 2021, 11:03
Askar Mamin instructs to increase efficiency of water resources use
05 October 2021, 09:54
Development projects worth 2.1 trillion tenge to be implemented in Mangystau region until 2025
04 October 2021, 14:59
Government session to be held Oct. 5 in Ukimet Uyi
02 October 2021, 14:05
Askar Mamin holds meeting on prices for socially significant food products
01 October 2021, 18:46
Gabidulla Abdrakhimov relieved as Vice Minister of Culture and Sports of the Republic of Kazakhstan
01 October 2021, 18:06
Askar Mamin meets with Governor of Omsk Region of the Russian Federation Alexander Burkov
01 October 2021, 14:58
Askar Mamin holds meeting with Deputy Prime Minister of the Russian Federation Marat Khusnullin
30 September 2021, 21:33
Roman Sklyar and Marat Khusnullin discuss issues of bilateral cooperation between Kazakhstan and Russia
© 2019 - 2021 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.