Financial Support for the Development of the SME Sector in Kazakhstan

The purpose of this work is to investigate the significance of developing the nation's small and medium-sized business sector, explore a set of organizational/economic conditions of financial support for small and medium-sized enterprises (SMEs), and examine some of the key characteristics of existing financial support for the business environment within the economy's priority sectors in the Republic of Kazakhstan. In conducting the study, the authors employed the statistical method, comparative analysis and summarization, the systemic and sociological approaches, graphical representation of information, and the integrated approach. The study's key objectives include the following: to investigate the significance of instruments of financial support for SMEs, including lending, subsidizing, guaranteeing, collateral support, and microfinancing; to identify a set of possible ways to enhance the activity of second-level banks in relation to granting long-term loans to businesses; to explore the significance of Messages to the Nation from the President of the Republic of Kazakhstan, the government's ‘2020 Business Roadmap' program, ‘The Program for the Development of Productive Employment and Mass Entrepreneurship for the Period 2017–2021', and the activity of such major organizations as the Damu fund, KazAgroFinance, and Agrarian Credit Corporation in relation to funding the activity of SMEs.