The KOSGEB-supported employment mobilization announced by President Erdoğan is opening the door to jobs for thousands of young people. Sharing his assessments on the development that will give breathing space to businesses in the service and trade sectors, MÜSİAD President Mahmut Asmalı emphasized that the new employment mobilization will provide job opportunities for 75,000 graduates. In his statement, Asmalı noted that the repayable supports to be provided are interest-free and collateral-free.

The Rapid Support Program for Micro and Small Enterprises, supported by the Small and Medium Enterprises Development Organization of Türkiye (KOSGEB) and announced for the first time by President Recep Tayyip Erdoğan, is opening the door to jobs for thousands of young people. While the program provides a significant contribution to businesses in the service and trade sectors, it aims to offer job opportunities to 75,000 graduates. Under the Rapid Support Program for Micro and Small Enterprises, an interest-free and collateral-free repayable support of TRY 100,000 for each employee is envisaged.

"We see the Rapid Support Program as an employment mobilization"

Sharing his assessments on the matter, Independent Industrialists and Businessmen Association (MÜSİAD) President Mahmut Asmalı emphasized the importance of the state supports offered in parallel with the New Economy Model and stated that the employment mobilization put into practice will provide job opportunities for thousands of young people.

"At the meetings we held last week, we stated that a period had been entered in which the New Economy Model instils confidence in producers, industrialists and investors. We have set sail for a brand-new year in which the capacity utilization of our investors, producers and industrialists will increase further, their domestic sales will rise, their export potential will strengthen, their new investments will gain speed and innovative opportunities will be seized. In this period in which new employment opportunities will come to the fore, we see the Rapid Support Program for Micro and Small Enterprises as an employment mobilization. With the program that has been created, the door to jobs will be opened for 75,000 of our young people. Within this scope, a substantial convenience is also being provided to businesses. We are talking about a figure of TRY 100,000 per employee, repayable interest-free. When this initiative, which will strengthen employment, is combined with production and investment norms, it will have a directly positive effect on the economy. As MÜSİAD, together with our members, we will fulfil the responsibility that falls to us. We see 2022 as an important step in reaching our 2023 targets. We will continue to work with all our strength so that our country may attain strong tomorrows."

The deadline for applying to the program is 31 March

The new phase of the Rapid Support Program for Micro and Small Enterprises targets the employment of young people, new graduates and women. Under the program, businesses will be able to employ, in the designated sectors, new personnel born in 1981 or later who have never worked before or who have not worked for more than 6 months in the last 3 years.

Businesses that employ graduates of vocational or technical high schools as well as university graduates will be able to benefit from the support.

Businesses will be required to employ a new member of personnel meeting the criteria for 12 months. Another important criterion to be sought in businesses wishing to use the support will be that they maintain their average employment over the last 12 months.

Micro and small enterprises that meet the conditions will receive a repayable support of TRY 100,000 for each member of personnel they employ. Micro enterprises will be able to use this support for up to 2 and small enterprises for up to 5 members of personnel. If the owner of the business or the personnel hired is a woman, the upper limit of the support will rise to TRY 110,000.

Applications to the program can be made until 31 March.

For detailed information about the program: https://www.kosgeb.gov.tr/site/tr/genel/detay/7579/proje-ozeti