KGF support for EYT with a 75 percent guarantee rate for employers

The Treasury-backed Credit Guarantee Fund (KGF) guarantee scheme, which is run by the Ministry of Finance, is expected to be announced in the coming days.

The package, which is in preparation, is expected to be announced with a guarantee size of 150 billion lira at the initial stage.

While the packages are expected to create a significant amount of financing opportunities for companies, especially merchants and SMEs, in many areas, it is estimated that the selective credit policy implemented within the scope of the Turkish economy model will also be included in them. packages

These guarantee packages will allocate resources to the financing needs of companies. In addition, the Ministry will also provide support to the guarantee package to ease the severance pay burden of employers within the scope of the retirement age (EYT).

PRIVATE BANKS WILL ALSO BE INCLUDED

In addition to the grace period, the packages to be announced by Finance Minister Nureddin Nebati are expected to have a guarantee rate of at least 75 percent.

It is established that both private banks and public banks will be included in the guarantee packages, thus creating suitable financing opportunities for companies. (AA)