Auyl Amanaty: Further 100 billion tenge to be allocated for program implementation

Auyl Amanaty: Further 100 billion tenge to be allocated for program implementation

Kazakh citizens have received over 13,000 microloans totaling more than 82 billion tenge under the Auyl Amanaty program. Nearly 80 percent of the borrowed funds were directed towards fostering entrepreneurship in the livestock sector, according to Vice Minister of Agriculture Yerbol Taszhurekov. He noted that the utilization of the allocated 100 billion tenge for 2023 continues, with a particular focus on advancing agricultural cooperatives. A total of 299 farmer associations in the country received funding worth 6.2 billion tenge. In order to increase their number, other forms of state support are also provided, such as a special tax regime and the creation of favorable conditions by local authorities. This includes providing market space, participation in fairs, and attracting prominent regional anchor companies. The ministry plans to allocate an additional 100 billion tenge for the implementation of the Auyl Amanaty program in 2024. Also, a dedicated expert group has been formed to improve the program.

“There are no restrictions within the Auyl Amanaty program. Support can be provided to any type of businesses as long as they adhere to specified limits, namely 8.5 million tenge per individual and nearly 29.5 million tenge for cooperatives involving three or more individuals. Overall, each issued microloan, which currently amounts to 13,000, is considered a micro-project. All applications are accepted in line with small business projects,” said Taszhurekov.