The number of women entrepreneurs is growing in Kazakhstan

ASTANA. KAZINFORM Vice Minister of National Economy Bauyrzhan Omarbekov took part in the International Women’s Entrepreneurship Congress “ASMAR – Traditions of Unity” in Astana. This is reported by MIA “Kazinform” with reference to the press service of the Ministry of National Economy.

The participants discussed issues of support and sustainable development of women’s business in Kazakhstan, new approaches and trends in the formation of the business environment.

In his speech, the vice minister noted that the state is making significant efforts to develop and support women’s entrepreneurship in the country. This is confirmed by the increasing proportion of women in SMEs (in 2010 – 26%, in 2021 – 43.3%)

“In order to support economic activity, financial and non-financial support measures are provided within the framework of the National Entrepreneurship Development Project. State support is also provided through various programs of international financial institutions and Damu IDF JSC,” B. Omarbekov informed.

At the end of 2021, as part of subsidizing the remuneration rate, about 10 thousand projects of women entrepreneurs were supported, about 7 thousand projects were supported to guarantee loans. Last year, 84,000 consultations on information support were provided, as well as over 17,000 consultations on service support.

There are also 17 Women’s Entrepreneurship Development Centers. The goal is to stimulate the economic activity of women. Next year it is planned to open Centers in three new regions (Abay, Ulytau and Zhetysu)

“During the functioning of the Centers, services were provided to more than 7 thousand women. 30% of them belong to the category of socially vulnerable segments of the population,” the vice minister said.

The Ministry of National Economy of the Republic of Kazakhstan, together with the European Bank for Reconstruction and Development, is implementing the Women in Business program, which is aimed at increasing the competitiveness and development potential of women’s entrepreneurship.

In addition, a pilot project “One village – one product” is being implemented in the regions of Kazakhstan.

“We are confident that the empowerment of women entrepreneurs will contribute to the achievement of the goals of an inclusive, viable and sustainable economy of the country as a whole,” B. Omarbekov said.

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