New 100 Billion TL Financing Package for Manufacturing: Terms and Details Announced

100 Billion Lira Financing Package Launched Minister of Industry and Technology Mehmet Fatih Kacır has announced a new 100 billion lira credit package designed to increase the financial sustainability of manufacturing firms and protect employment.
Speaking at the signing ceremony for the "Manufacturing Industry Financing and Employment Protection Program," Minister Kacır stated that both SMEs and large-scale companies will be able to benefit from this support.
Loan Terms and Usage Limits Under the new program, businesses can access loans of up to 50 million liras, proportional to their monthly employment costs.
To provide payment flexibility to industrialists, the financing support will be offered with maturity options of up to 36 months, including a 6-month grace period on principal payments.
This step was highlighted as a critical move to maintain production capacity and meet the liquidity needs of industrialists.
Growth Data in Turkish Industry Minister Kacır stated that the Turkish economy has maintained an uninterrupted growth performance for 21 quarters, with the national income exceeding $1.5 trillion.
Noting that the value added in the manufacturing industry has risen from $41 billion to $241 billion, Kacır mentioned that annual exports have reached $273 billion from $36 billion since 2002.
Referring to global industrial production data, the Minister noted that Turkey has increased its production by 31.5 percent compared to the pre-pandemic period, distinguishing itself positively from many developed economies in Europe.
Future Investment Incentives Stating that support for industrialists will continue to diversify in the coming period, Kacır added that projects such as the HIT-30 Program, which envisages $30 billion in state support by 2030, and the Capacity Development Support Program will continue to strengthen the industrial ecosystem.