New state support measures for businesses in the domestic trade sector are set to be launched in Kazakhstan.
According to the press service of the Supreme Audit Chamber, a state audit of the Ministry of Trade and its subordinate organisations this year found that one of the factors slowing the development of trade infrastructure is the limited capacity of entrepreneurs to invest in this area.
The Ministry of Trade and Integration has been tasked with identifying specific mechanisms to boost the financial potential of entrepreneurs.
"As a result, by order of the minister dated 21 June this year, the Rules for providing state support measures to business entities in the field of domestic trade were approved, aimed at stimulating activities to create modern trade infrastructure," the statement said.
In the first phase, 4 billion tenge has been allocated from the state budget for this purpose. It was reported that financing through the Damu Fund is planned to begin in October of this year.
"The Rules also provide for reciprocal obligations for recipients of state support regarding the placement of domestically produced food and non-food products in retail spaces. This will further expand access for Kazakh producers to product sales channels," the conclusion stated.