Kazakh Development Ministry and Damu Fund sign cooperation agreement
15:23, 28 March 2013
ASTANA. March 28. KAZINFORM Kazakh Ministry of Regional Development, Entrepreneurship Support Fund "Damu" with participation of second-tier banks and leasing companies signed a cooperation agreement, the Kazakh PM's website reports.
The document will enable businessmen in 20 single industry towns to receive public subsidies at 10% interest rate on loans obtained from banks or leasing transactions.
So, from tomorrow entrepreneurs in single industry towns receiving subsidies on their loans will substantially reduce the cost of their redemption, and in fact the interest rate on such loans to entrepreneurs will not exceed 4%.
The agreement was signed by First Deputy Minister of Regional Development Kairbek Uskenbayev, "Damu" Fund's Chairman of the Board Lyazzat Ibragimova, representatives of 10 regional akimats, heads of 17 second-tier banks and 10 leasing companies.