Kazakh Government to invest KZT 42 bln in processing industry
ASTANA. October 20. KAZINFORM. /Serik Sabekov/ By the decision of the Government KZT 42 billion will be budgeted through the Stress Assets Fund into boosting of processing industry. Kazakh Minister of Economy and Budget Planning Bakhyt Sultanov has said it at the Government's sitting today. "KZT 20 billion will be allocated for business loans in 20 subsectors of processing industry through the second-tier banks that will invest additional KZT 8.5 billion of own assets as well", the Minister noted. According to him, another KZT 20 billion will be invested through the Development Bank of Kazakhstan in low-profit industries. The Bank will allot KZT 30 billion more of own assets for these projects. KZT 2 billion will be given to small and medium businesses for equipment leasing.