Bolat Noted That the Treasury-backed Business Loan Limit Has Been Raised From 1 Million to 1

Trade Minister Ömer Bolat has said the new financial support measures for tradesmen and craftsmen will ease their access to finance and make significant contributions to production, employment and the economy. In a social media post after President Recep Tayyip Erdoğan announced the package, Bolat said that under Erdogan's leadership, they continue to stand by production, trade and honest labor, and stressed they remain determined to take steps to strengthen tradesmen and craftsmen. Bolat noted that the Treasury-backed business loan limit has been raised from 1 million to 1.5 million lira, and the investment loan limit for the purchase of workplaces, vehicles and machinery-equipment has been increased from 2.5 million to 3.5 million lira.

He added: “Business loans are provided with a four-year term, and the maturities for loans for the purchase of workplaces have been extended from five to six years, while maturities for loans for the purchase of vehicles and machinery-plant have been extended from four to five years. Our new supports will make it easier for our tradesmen and craftsmen to access finance and will make significant contributions to production, employment and our economy. I wish all our tradesmen and craftsmen the best.”