Turkey offers 75 million lira in funding to small and medium-sized enterprises
Turkey' s Minister of Industry and Technology, Mehmet Fatih Kacır, has announced a significant funding package aimed at the country' s small and medium-sized enterprises (SMEs).
The package, which was made public on 7 September 2026, will provide credit facilities of up to 75 million Turkish lira, in addition to other support mechanisms.
The initiative is intended to strengthen the global competitiveness of SMEs and underscores the government’s focus on industrial development.
The new support scheme is managed by KOSGEB, a state institution responsible for the development and support of small and medium-sized enterprises in Turkey.
The programme, titled the " Global Competitiveness Support Programme", includes not only loans but also an element of 20-point non-repayable financial support.
This means that a portion of the funding comes in the form of direct grants that businesses do not need to repay, which significantly eases the financial burden. In addition to credit and direct grants, the package will also include guarantees from the KGF, the Credit Guarantee Fund of Turkey.
The KGF plays a crucial role in Turkey’s financial system by providing guarantees to banks for loans granted to SMEs, making it easier for these companies to access necessary capital.
KGF guarantees reduce the risks for banks and encourage them to lend more to companies that might otherwise find it difficult to meet collateral requirements.
The SME sector is a cornerstone of the Turkish economy.
These enterprises make up the majority of the country' s companies and are major contributors to employment, innovation, and exports.
By strengthening the financial position and global competitiveness of SMEs, the government hopes to promote economic growth, create new jobs, and reduce Turkey' s dependence on imports, while simultaneously increasing export capacity. The measure reflects a broader economic strategy to build a more robust and self-sufficient economy.
Such financial injections are essential for the ability of businesses to invest in new technology, expand production, and explore new markets.
For Turkish households, this potentially means increased job security and more stable economic development, as a strong SME sector is often synonymous with a healthy national economy.
Source: Haberglobal
