On the instructions of the Head of State on diversifying the economy and attracting investments to the economy, the Government, through financial development institutions, will launch a large-scale campaign to support investment projects in the processing industry and large businesses of SMEs, including light industry, chemical industry, production of food products and building materials, mechanical engineering, freight transportation, key projects, infrastructure and cluster projects that create an eco-environment for the development of SMEs.
In 2025, Baiterek National Management Holding JSC will allocate 8 trillion tenge to support entrepreneurship, the development of housing construction and the implementation of key national and investment projects, with a further increase in the volume of financing to 10 trillion tenge by 2027. As part of the large-scale financing, new support mechanisms aimed at developing business and export opportunities will be launched, and financing and social initiative tools will be expanded. Among them:
Two guarantee funds will be created to support SMEs and large businesses
The Damu guarantee fund will be created in 2025 to support SMEs. To this end, the functions of "Development" will be supplemented with new tasks, the product line of the guarantee instrument will be expanded, the amount of guarantees offered will be increased, and the list of economic sectors (ES) subject to guarantee will be expanded. It is planned to issue guarantees for new products on the principles of non-returnability and unconditionality. The creation of the Guarantee Fund will reduce the burden on the state budget by attracting funds from additional sources of financing, increase the coverage of business entities with support measures in the form of guarantees, and allow banks to effectively attract liquidity to economic circulation.
The launch of the Guarantee Fund will allow increasing the guarantee portfolio to 1 trillion tenge by 2028 (+148% compared to 2023) and supporting more than 50 thousand projects annually (in 2023, 8,212 projects were supported through the guarantee instrument).
In 2025, the Damu Fund will support at least 30 thousand SME projects worth 1.7 trillion tenge.
Baiterek's Guarantee Fund for Large Businesses will solve the problem of sufficient collateral for large and strategically important projects.
When financing a project, a loan from second-tier banks and/or DBK may amount to 80% of the project cost. The guarantee will be provided for an amount of up to 30% of the project cost, resolving the issues of sufficient collateral.
The amount of financing for Baiterek is 7.3 trillion tenge, of which 3.7 trillion tenge is provided for 2025. The holding company's guarantee may reach 2.2 trillion tenge or 30%, of which up to 1.1 trillion tenge is provided for 2025. At the same time, 50% is the guarantee of a future business partner. Baiterek may enter the capital of the project, and then the entrepreneur's personal participation may be less than 20%. Thus, the problem of lack of collateral in large projects is being solved.
Guarantees will be provided for projects worth 7 billion tenge to finance large business entities.
For second-tier banks, this will allow to ensure an increase in lending volumes and a reduction in lending risks when the collateral volume is insufficient.
The provision of guarantees is planned for the manufacturing industry sectors. The irrevocability of guarantees is designed to increase the interest of banks, and the payment of guarantees for business entities is designed to strengthen the responsibility of entrepreneurs.
Corporate/project financing - Development Bank of Kazakhstan JSC (DBK) will be reoriented exclusively to the development of large industrial and infrastructure projects. The holding's subsidiary, Qazaqstan Investment Corporation JSC (QIC), focuses on developing private equity as a full-fledged partner in the implementation of projects, offering entrepreneurs equity financing opportunities and taking into account the requirements of state policy and investment obligations of business.
Expanding exports - as part of the strategy for developing foreign markets, it is planned to develop a trade fund and special tools to support exports. The activities of the Export Credit Agency of Kazakhstan JSC in insurance, reinsurance, guarantee instruments and composite services have been expanded, which will allow Kazakhstani companies to enter new markets with competitive products.
In addition, Baiterek Holding, together with second-tier banks and international financial institutions, is ready to finance infrastructure programs aimed at supporting the economic development of the country and supporting the production of domestic goods, which are given priority by the state, including.
Financing housing and communal services infrastructure (national project)
Within the framework of the national project "Modernization of the Energy and Utilities Sectors", in order to timely resolve issues related to reducing the wear and tear of engineering networks in the housing and communal services sector, a large-scale modernization of outdated infrastructure is planned with a total investment volume of more than 13 trillion tenge, of which 4.7 trillion tenge belongs to the Holding.
Within the framework of the modernization and construction of energy and utilities infrastructure, work is being carried out to increase the share of domestic value added. This approach will not only increase internal competitiveness, but also create new jobs, reduce import dependence, and strengthen the position of "local" enterprises in the market as a whole.
Before the start of the active period of modernization and construction, it is planned to carry out comprehensive work to inform domestic producers about the large-scale program of infrastructure modernization.
About 4.9 trillion tenge will be needed to produce domestic products.
In addition, the Government will announce "investment orders" in certain sectors in order to develop certain sectors - IT, logistics, tourism, light industry, chemical industry, food products, construction materials production, and mechanical engineering. Interested parties should contact the Department of Economic Sector Development of the Ministry of National Economy, the "Damu" Fund, and the "Baiterek" holding.

Source : https://www.gov.kz/memleket/entities/economy/press/news/details/943209