Arzuw NEWS - Turkmenistan news

The Central Bank of Turkmenistan will support software developers with soft loans

The Central Bank will provide loans on favorable terms to entrepreneurs who will initiate their own projects on the development of domestic software or buy and implement software already created by Turkmen specialists.

Loans will be given for up to 5 years at 2% per annum to domestic software developers. The Central Bank has provided for a grace period of 2 years for these entrepreneurs. Companies that will purchase and implement domestic software will be able to count on a loan of up to 3 years at the same 2%. The grace period in this case is provided for 6 months.

The most important condition for obtaining a loan is the need for the entrepreneur to pay at least 15% of the total cost of the project from their own funds.




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