Details of the new financing package have been announced

Minister of Industry and Technology Mehmet Fatih Kacır shared the details of the new 250 billion lira financing support developed for the manufacturing industry with the public. Within the scope of the program, large firms as well as small and medium-sized enterprises will be able to benefit from advantageous credit opportunities.

Under the renewed program, applications will be accepted as of September 1, and firms deemed eligible will be provided with loans with a grace period of up to 6 months and a maturity of up to 36 months.

Stating that the upper credit limit for large enterprises has been increased to 150 million lira, Minister Kacır said, "Credit limits will be determined by taking into account the labor costs of the firms." The upper limit, which was 50 million lira in the previous practice, has thus been tripled.

For SMEs, guarantee support will be provided to facilitate access to credit. Thus, small businesses will be able to reach financing without experiencing collateral shortages.

An important element of the program is the condition that businesses maintain their employment levels. Businesses that maintain their average number of employees in the first half of 2026 during the July-December period will receive Ministry support for a 12-point portion of the financing cost of the loans they use. With this practice, the annual rate for fixed-interest loans could drop to as low as 25 percent.

In the new support package, where different credit options are offered, firms will be able to benefit from either 37 percent fixed-interest loans or variable-interest loans at the TLREF+1 rate, if they wish.

Following the application, the banks with which protocols have been signed will initiate the credit evaluation processes for the firms. The financing allocated to businesses found eligible as a result of the evaluation will be made available for use in a short time.

Minister Kacır emphasized that the new financing move aims to increase both production and employment in the manufacturing sector. In his statements, he included the expressions, "The guarantee support we offer to businesses alongside the credit and the employment-conditioned cost reduction will make our industry more competitive."

With the new package, both SMEs and large industrial organizations will gain a stronger financing infrastructure in the face of economic developments.

News Source: 12punto