23.02.2026 15:50
The Minister of Industry and Technology, Mehmet Fatih Kacır, announced a financing program of 100 billion lira that will provide relief to the manufacturing industry. SMEs and large-scale companies will be able to access loans of up to 50 million lira, with a 6-month grace period on principal payments and a term of 36 months.
The Minister of Industry and Technology, Mehmet Fatih Kacır, announced a new financing program worth 100 billion lira for manufacturing industry companies. Under the "Manufacturing Industry Financing and Employment Protection Program," SMEs and large-scale companies will be able to access loans of up to 50 million lira, proportional to their one-month employment costs, with 6 months of principal payment-free and terms of up to 36 months under favorable conditions.
COSTS REDUCED BY UP TO 33%
Speaking at the signing ceremony held at the KOSGEB Conference Hall, Minister Kacır stated that the financing cost under the program would decrease by up to 33%, and for manufacturing SMEs outside labor-intensive sectors, 10 percentage points of the cost would be covered by KOSGEB, allowing the annual cost to drop to as low as 23%. Businesses will be able to apply for the program starting from the beginning of March.
EMPLOYMENT PROTECTION CONDITION
Protecting employment will be a fundamental criterion in the program. Companies that commit to maintaining the average employment level for November-December 2025 will be eligible for support. While the support per employee in the textile, ready-to-wear, leather, and furniture sectors will be increased to 3,500 lira, large-scale companies have also been included in the program. The target is to protect 1 million 100 thousand jobs.
"TURKEY IS POSITIVELY DIVERGING"
Kacır noted that the Turkish economy has been growing uninterrupted for 21 quarters and that the national income has exceeded 1.5 trillion dollars. Emphasizing that industrial production has increased by 31.5% in Turkey while declining in Germany, France, and Italy in the post-pandemic period, Kacır stated, "Our country is positively diverging from the rest of the world."
EMPHASIS ON INVESTMENT AND INCENTIVES
Kacır reported that incentive certificates were issued for 7,354 investments in 2025, paving the way for 1.5 trillion lira of investment and 157 thousand jobs. He mentioned that with the new incentive system, support for technology and regionally focused development projects has been increased. He also reminded that the SGK premium support in the 6th region provinces has been extended for up to 14 years.
Kacır stated that comprehensive practices supporting the continuity of investment, production, and exports will continue in line with the goals of the Turkey Century, expressing that they will continue to ensure that industrialists have access to financing under favorable conditions.