Minister Kacır: Interest-free loans will be provided to flood-affected businesses
Original headlineBakan Kacır: Sel mağduru işletmelere faizsiz kredi verilecek
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Turkish Industry and Technology Minister Mehmet Fatih Kacır announced that micro and small businesses affected by floods and flash floods will receive interest-free loans of up to 1 million lira through KOSGEB. The loans carry a 24-month term with a six-month payment-free grace period, and applications will be accepted until December 31, 2026. The program is aimed at helping the smallest firms recover from disaster-related damage. Watch for take-up rates and whether the loan cap or eligibility rules are expanded as recovery needs become clearer.
Muhabbit's AI wrote this summary in its own words from Dünya's report and translated it from Turkish. It can get details wrong, so check the source.
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KOSGEB, Mehmet Fatih Kacır, Turkey