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Türkiye Minister Kacır: SMEs and Firms Can Access Loans Up to 50 Million Lira

Türkiye Minister of Industry and Technology Mehmet Fatih Kacır stated, "Within the scope of the 100 billion lira financing program prepared together with banks for the benefit of all manufacturing industry firms; SMEs and large-scale firms will be able to access loans of up to 50 million lira, proportional to their one-month employment costs."The "Manufacturing Industry Financing and Employment Protection Program" was held at the General Directorate of KOSGEB in Ankara. The program was attended by Minister of Labor and Social Security Vedat Işıkhan, Minister of Industry and Technology Mehmet Fatih Kacır, KOSGEB General Manager Ahmet Serdar İbrahimcioğlu, Turkish Employment Agency (İŞKUR) General Manager Samet Güneş, and representatives from private and public banks.

"WE ARE PROVIDING 3,500 TL CASH SUPPORT PER EMPLOYEE PER MONTH"

Minister Işıkhan, stating that the manufacturing sector is one of the strongest guarantees of national development, said, "Because a Turkey that produces is a strong Turkey. Therefore, supporting our businesses, especially those engaged in labor-intensive production and manufacturing, ensuring they stay afloat, and protecting their employment is an economic necessity for us. With the collaboration of our Ministry of Labor and Social Security and our Ministry of Industry and Technology, we have made approximately 51 billion lira from the Unemployment Insurance Fund directly available to our manufacturing sector through the 'Employment Protection Program in the Manufacturing Industry.' We have adopted two fundamental approaches in our program.The first pillar of the program is providing cash support to labor-intensive sectors. In our sectors with high employment capacity, primarily textiles, ready-to-wear, leather, and furniture; we are providing 3,500 TL of cash support per month per employee to every employer who protects their employment.The second pillar of the program is creating a 'Financing Shield' for our SMEs, which will be covered by the Unemployment Insurance Fund for 3 years. We are also facilitating access to finance for SMEs in the manufacturing sector outside of priority sectors. In this step, which concerns more than 221 thousand workplaces; we are offering our businesses a loan with up to 6 months of grace period for principal repayment and a maturity of up to 36 months. With this program, we aim to protect a total of 1 million 100 thousand jobs. May it be beneficial for our country and our nation. Our goal is very clear: to be a state that does not leave our employers alone."

MINISTER KACIR: WE WILL COVER 10 POINTS OF THE FINANCING COST IN LOANS

Minister Kacır emphasized that loans could be accessed under favorable conditions, with 6 months of grace period for principal repayment and a maturity of up to 36 months. He said, "Within the scope of the 100 billion lira financing program prepared together with banks for the benefit of all manufacturing industry firms; SMEs and large-scale firms will be able to access loans of up to 50 million lira, proportional to their one-month employment costs. The financing cost will be 33 percent. Within the scope of the financing program, we will provide guarantee support to our SMEs. Again, an important support element in the financing program will be for firms in our sectors that cannot benefit from the direct 3,500 lira salary support.For our SMEs operating in manufacturing industry sectors other than the four labor-intensive sectors, in return for their commitment to maintain their average employment levels for November-December 2025, we, as KOSGEB, will cover 10 points of the financing cost on the loans they use. Thus, the annual financing cost will drop to 23 percent. Our businesses will be able to apply for this comprehensive financing program starting from March 2nd. Following the credit evaluation processes to be carried out by the banks with which we have signed protocols, they will be able to easily access the allocated financing. Of course, on this occasion, I would like to emphasize this: Along with our steps aimed at protecting employment in our labor-intensive sectors, our desire is to ensure that these sectors relocate within the country at a reasonable speed."Following the speeches, the "Manufacturing Industry Financing and Employment Protection Protocol" was signed between the institutions and banks.