Reinforcement package for tradesmen increased to 150 billion liras

Announcing that the support package for tradesmen will be increased to 150 billion TRY with an additional 50 billion TRY, President Erdogan said, “We are increasing the credit limit used by our tradesmen, who have the Paraf Troy tradesman card, to purchase raw materials, to 150 thousand TRY.”

President Recep Tayyip Erdoğan spoke at the “Face to Face Turkey Tradesmen Meeting” in Ankara.

Stating that Halkbank loan interest was reduced to 7.5 percent for a resource of 100 billion liras allocated to tradesmen, Erdoğan said that in 2020-2021, a delay of 14 billion TL was made in Halkbank loans.

The highlights of President Erdogan’s speech are as follows:

Many more conveniences were provided, including tax reductions.

The interest discounted credit limit used by tradesmen from Halkbank was increased from 5 thousand TL to 500 thousand TL.

The credit limit for investments was increased to TL 1.5 million.

Reinforcement package for tradesmen was increased to 150 billion TL with an additional 50 billion TL.

The credit limit used by our tradesmen, who have Paraf Troy tradesmen card, for purchasing raw materials has been increased to 150 thousand TL.

Last year, the credit balance used by the tradesmen thanks to the cooperatives reached 123 billion TL.

At a time when the world was talking about shrinking, a growth rate of 6.2 percent was achieved in the first 3 quarters of 2022.

Employment reached the highest level in history with 31.5 million.