Kazakhstan launches 400B tenge small business support program in 2026

Deputy Prime Minister and Minister of National Economy Serik Zhumangarin has unveiled a new support program for small businesses. The initiative aims to tackle key challenges faced by micro and small enterprises, including logistics, currency fluctuations, and tax reforms. The program will focus on sectors such as agricultural processing, food production, woodworking, and construction materials. Mini-bakeries, dairy and meat processing, furniture workshops, and artisanal industries are also included.

Second-tier banks are expected to lend around 400 billion tenge annually, with an estimated 24 billion tenge needed for 2026. Over 5,000 projects could receive funding in the first year alone. Loan guarantees will cover up to 80% of the principal amount, provided by the *Damu* Entrepreneurship Development Fund. The maximum loan per project is set at 200 million tenge. Subsidies will cover 40% of the nominal interest rate for up to three years. Subsidy limits vary by region: up to 30% for Abai, Jetisu, Ulytau, North Kazakhstan, and Kyzylorda, and up to 70% for other areas.

The program targets financial barriers for small and medium-sized businesses. With loan guarantees, interest subsidies, and sector-specific support, it seeks to boost growth in key industries. Implementation will rely on partnerships with second-tier banks and regional funding adjustments.