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Single program of business support and development «Business Road Map 2020»

200199668-002.jpgClients of VTB Bank (Kazakhstan) can participate in «Business Road Map-2020» Subsidy and Guarantee Program.


Terms of the Program:


Name of the Program’s characteristics

Characteristic of the Program

General description of subsidy and guarantee program

Obtaining subsidies at the interest rate of loans, as well as obtaining guarantees of «Damu» EDF JSC for partial covering of loan collateral

Requirements for obtaining subsidies / guarantees

· Conformity of activities to the list of priority sectors of economy (NCEA) according to terms of the Program;

· Absence of tax debt, debt on mandatory pension contributions and social contributions;

· Creation of new jobs;

· Participation in the project with own funds (funds in the mount not less than 10% of the cost of the project / or with property not less than 20% of the cost of the project).

Interest rate of the loan

In tenge – up to 14% per annum,

In foreign currency – up to 12% per annum.

Directions of subsidy and guarantee

program

1st direction «Support of new business initiatives» - subsidizing of interest rate, guaranteeing;

3rd direction «Reduction of currency risks of entrepreneurs» - subsidizing of interest rate of export-oriented entrepreneurs.

Amount of subsidies according to interest rate

1st direction: loans in tenge with interest rate not exceeding 14% per annum could be subsidized, 7% is paid by entrepreneur, difference is compensated by government.

3rd direction: loans in tenge with interest rate not exceeding 14% per annum could be subsidized, 6% is paid by entrepreneur, difference is compensated by government.

Amount of loan

· not more than 1,5 billion tenge per entrepreneur;

· in case of positive decision of authorized body – not more than 4,5 billion tenge per entrepreneur.

Period of provision of subsidies

From 1 to 3 years, with possible prolongation up to 10 years

Guarantee program

Loan guarantee provided by «Damu» Fund - as partial collateral of the loan to the Bank.

Amount of guarantee

Up to 300 million tenge or 50% of the amount of loan

Period of guarantee

Up to 5 years

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