Good news from Erdoğan: We are raising the credit limit for tradesmen and artisans from 750,000 lira to 1 million lira.

07.03.2025 20:40

In his speech at the iftar program he attended, President Erdoğan stated, "We are raising the credit limit for tradesmen and artisans from 750,000 lira to 1 million lira."

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President Erdoğan announced that the credit limit for tradesmen and artisans has been increased from 750,000 lira to 1 million lira.

President Recep Tayyip Erdoğan shared the new regulation for tradesmen with the public during his statements at the Turkey Tradesmen and Artisans Iftar Program in Istanbul.

GOOD NEWS FOR TRADESMEN

Erdoğan, who announced that the credit limit for tradesmen and artisans has been increased from 750,000 lira to 1 million lira, stated, "We are launching the 2025-2029 Turkey Cooperative Strategy and Action Plan within this year. We have decided to provide grant support amounting to 111 million lira for 826 projects of 773 cooperatives so far under the Cooperative Support Program."

PRICE WARNING

Erdoğan also issued a price warning to tradesmen, saying, "As tradesmen, you on one side, and we as the state on the other side, will work together to ensure that opportunists do not get a breather. My artisan brothers, who have been raised with the culture of honesty, should not leave the field to the greedy who reach into the pockets of citizens with exorbitant price increases."

"WE WILL BE IN MUCH BETTER PLACES"

Erdoğan, stating that "The recently announced inflation, growth, and employment figures have once again confirmed that we are on the right track," said, "We closed the year 2024 with a growth rate of 3.2%. The decline in inflation continued in February as well. Our Central Bank took another step in the right direction with the interest rate decision it made yesterday. If we can be a little more patient, we will be in much better places."

He added, "We have resolved the access to finance problem, which is among the biggest issues, by further improving our financial capabilities and strengthening cooperatives and Halkbank."

REMEMBERING THE PANDEMIC PERIOD

President Erdoğan also stated, "We have been one of the countries that managed the economic aspect of the coronavirus pandemic, which deeply affected the whole world, the best. During the days when the opposition was trying to shut us down, we never engaged in such wrongdoings. We provided grant support amounting to 9 billion lira to our tradesmen and artisans. We postponed loan installments and restructured overdue debts. With the financial record amnesty, we eased the burden on our traders."