Minister Kacır announced: 1 million lira support for businesses affected by the flood
Zero financing cost loan of up to 1 million lira for small businesses and 500 thousand lira for micro businesses
Quick Look
- Minister Kacır announced the Emergency Support for SMEs affected by floods and floods through KOSGEB.
- A zero financing cost loan of up to 1 million lira for small businesses and 500 thousand lira for micro businesses, with a maturity of 24 months and a grace period of 6 months will be offered.
- The application deadline is December 31, 2026.
AI-generated summary
Why It Matters
KOSGEB offers Emergency Support to micro and small businesses affected by floods and flood disasters. The deadline for applications has been determined as 31 December 2026.
Minister Kacır shared a post on his NSosyal account about the Emergency Support they implemented through KOSGEB:
In his post, Kacır said, "We are implementing Emergency Support through KOSGEB in order for our SMEs affected by floods and overflow disasters in Istanbul and other cities to compensate for their economic losses and continue their activities. Within the scope of the support, loans of up to 1 million liras to small businesses and 500 thousand liras to micro businesses, zero financing cost (The entire loan interest/profit share is covered by KOSGEB). 24 months maturity, 6 months grace period, we continue to support our SMEs." he said. The deadline for applications has been determined as 31 December 2026.
FINANCIAL BURDEN OF BUSINESSES WILL BE ELIMINATED
According to the statement made by the Ministry, micro and small-scale enterprises affected by floods and inundation disasters that occurred in different regions of Türkiye in 2026 and whose damage has been assessed by the governorships will be able to benefit from KOSGEB Emergency Support. In order to benefit from the support, businesses will need to prove that they have been affected by flood disasters and that the effects of the event continue, with documents from the relevant official authorities.
What to Watch
AI outlook — possibilities, not facts
Micro and small businesses affected by the disaster will apply for KOSGEB Emergency Support until December 31, 2026.
Likely · Within months
Open Questions
- What is the loan application process and the full list of required documents?
- How much is the support budget in total?
- How will the damage assessment be carried out by the governorships?
