Minister Kacır: Credit support of up to 1 million TL will be provided to SMEs affected by the flood
Original headlineBakan Kacır: Selden etkilenen KOBİ'lere 1 milyon TL'ye kadar kredi desteği verilecek
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Turkey’s Industry and Technology Minister Mehmet Fatih Kacır announced that KOSGEB has launched an Emergency Support program for SMEs affected by floods and flash floods, offering loans of up to 1 million Turkish lira for small businesses and up to 500,000 lira for micro-enterprises. The move matters because it provides direct liquidity to smaller firms whose operations and cash flow have been disrupted by the disasters. What to watch next is how quickly KOSGEB disburses the loans and whether the program is expanded if damage assessments rise.
Muhabbit's AI wrote this summary from Hürriyet Ekonomi's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
Mehmet Fatih Kacır, KOSGEB, SMEs (KOBİ), Ministry of Industry and Technology