KOSGEB Supports Nearly 40,000 Earthquake-Affected Businesses with Nearly 13 Billion Lira

The Small and Medium Enterprises Development and Support Administration (KOSGEB) provided support of 12.8 billion lira to approximately 40,000 businesses affected by earthquakes in 11 provinces under the “Post-Earthquake Revitalization Project for Micro, Small, and Medium-Sized Enterprises.”

According to information compiled by AA correspondent for Earthquake Week, the Presidency supported SMEs in difficult times with this project.

Within the scope of the project, 450 million dollars of international financing was brought to the country, and the entire financing was provided to businesses in the earthquake region in the last two months of the previous year.

The support program aimed to revitalize the economy in earthquake-affected provinces and contribute to the continuity of businesses’ activities.

Within the program, with an upper limit set at 750,000 lira, efforts were made to support businesses in the 11 provinces affected by earthquakes that occurred around Kahramanmaraş last year. KOSGEB provided support to 39,680 businesses affected by the earthquake, totaling 12.8 billion lira.

Kahramanmaraş Businesses Led in Support

Kahramanmaraş became the province that benefited the most from the support, with 10,235 businesses receiving 3,375,850,000 lira. Following this, Hatay received support of 2,975,300,000 lira for 8,517 businesses, Adıyaman received 2,198,850,000 lira for 6,916 businesses, Malatya received 1,620,050,000 lira for 4,632 businesses, Gaziantep received 793,900,000 lira for 2,657 businesses, and Şanlıurfa received 584,650,000 lira for 2,206 businesses.

Adana followed with 246,250,000 lira in support for 913 businesses, Elazığ received 221,050,000 lira for 789 businesses, Diyarbakır received 196,800,000 lira for 697 businesses, and Kilis received 41,350,000 lira for 156 businesses.

Approximately 89.5% of the support amount was used by micro-enterprises, 9.2% by small enterprises, and 1.2% by medium-sized enterprises.

Many sectors benefited from the support, including mining and quarrying, manufacturing, electricity, gas, steam, and air conditioning production and distribution, construction, as well as transportation and storage.

Looking at the distribution by sectors, businesses in the wholesale and retail trade, repair of motor vehicles, and motorcycles sector ranked first with 48.2% share. It was followed by manufacturing with 19.8% and transportation and storage with 9.9%.

source: prepared by Melisa Beğiç

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