ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of September 17, 2024 No. 754

About some measures of the state support of private entrepreneurship

According to Item 3 of article 94 of the Entrepreneurial code of the Republic of Kazakhstan the Government of the Republic of Kazakhstan DECIDES:

1. Approve enclosed:

1) Rules of subsidizing;

Are excluded by 2)4) according to the Order of the Government of the Republic of Kazakhstan of 02.06.2025 No. 400

2) Rules of provision of guarantees within guarantee funds;

6) No. 400 is excluded according to the Order of the Government of the Republic of Kazakhstan of 02.06.2025

7) Rules of provision of state grants for subjects of social entrepreneurship;

8) Rules of leading of engineering infrastructure;

9) No. 400 is excluded according to the Order of the Government of the Republic of Kazakhstan of 02.06.2025

2. To impose control of execution of this resolution on the Ministry of national economy of the Republic of Kazakhstan.

3. This resolution becomes effective after ten calendar days after day of its first official publication.

Appendix 1

to the Order of the Government of the Republic of Kazakhstan of June 2, 2025 No. 400

Rules of subsidizing

Chapter 1. General provisions

1. These rules of subsidizing (further – Rules), are developed according to Item 3 of article 94 of the Entrepreneurial code of the Republic of Kazakhstan (further – the Code) and determine procedure for provision of subsidizing for the following types of financing:

1) the credits issued by banks of the second level;

2) leasing transactions of leasing companies;

3) markups on goods and parts of the lease payment constituting the income of Islamic banks / Islamic leasing companies;

4) the loans issued through crowdfunding platform.

2. In these rules the following basic concepts are used:

1) the purpose on replenishment of current assets – the use of the financial instrument by the entrepreneur connected with ensuring operating (current) activities of the entrepreneur on renewable renewable basis and excluding payment of the tax liabilities, pension and social assignments, customs payments / charges / duties;

2) bank – the bank of the second level performing activities within implementation of these rules (further – BVU);

3) bank - the payment agent – the authorized bank of leasing company which is approved with the financial agency and performs functions on maintaining the special account of the leasing company intended for transfer and write-off of subsidies on projects;

4) bank loan (further – the credit) – the amount of money provided by bank based on the agreement of bank loan to the entrepreneur on the terms of urgency, the paid nature, recoverability, security and target use of the credit;

4-1) central authorized body on budget implementation – the central executive body performing management and also in limits, stipulated by the legislation the Republic of Kazakhstan, cross-industry coordination in the field of budget implementation, conducting financial accounting, budget accounting and budget reports on execution of the republican budget and within the competence – local budgets, off-budget funds;

5) the project – set of the actions and actions performed by the entrepreneur as the initiative activities directed to income acquisition and which are not contradicting the legislation of the Republic of Kazakhstan within activities on which the state financial support is provided (within one project possibly receipt of several bank credits / making of leasing transactions);

6) project implementation – set of the actions and actions performed by the entrepreneur and directed to goal achievement and the conditions determined by the decision of financial institution including goods availability at the exit rendering services, use of subject of leasing; on the projects approved on acquisition and (or) construction, and (or) upgrade and (or) reconstruction and (or) capital repairs of fixed assets – availability of the acceptance act of object in operation and implementation of the declared activities of the entrepreneur according to the decision of financial institution;

7) the investment purposes (further – investments) – acquisition and (or) construction, and (or) upgrade, and (or) reconstruction, and (or) capital repairs of fixed assets, acquisition of biological and (or) intangible/tangible assets (tax expenses on value added included in the cost of the main means / biological / tangible/intangible assets according to accounts for payment, connected with the purposes specified in this determination, also belong to investments);

8) lease payment within Islamic financing – the regular payment made by the entrepreneur (the receiver of financing) for benefit of Islamic leasing company or Islamic bank for use of the property leased based on the agreement of financing (Islamic leasing) in case of which the property right to property remains for Islamic to the leasing company / Islamic bank to the moment provided by the agreement;

9) Islamic bank (further – IB) – the bank of the second level performing the banking activity provided by Chapter 4-1 of the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan" based on the license within implementation of these rules;

10) the financing provided by Islamic bank / Islamic leasing company (further – financing) – delay or payment by installments of payment for goods (further – markup) / lease payment, provided by Islamic bank / Islamic leasing company to the entrepreneur;

11) Islamic leasing company (further – ILK) – the legal entity created in the form of joint-stock company, not being bank, performing the activities according to Chapter 2-1 of the Law of the Republic of Kazakhstan "About financial leasing", participating within implementation of these rules when financing by the Islamic leasing companies;

12) the agreement of Islamic leasing – the written agreement signed between Islamic leasing company and the entrepreneur under the terms of whom the Islamic leasing company provides to the entrepreneur property (leasing subject) on the terms of leasing (lease payment);

13) the entrepreneur – the small business entity, including microentrepreneurships determined according to the Code and having the status of the acting subject of entrepreneurship, including subject of social entrepreneurship – individual entrepreneurs and legal entities (except for subjects of medium and big business) according to the activities specified in the register of subjects of social entrepreneurship which is placed on Internet resource of authorized body on entrepreneurship, except for activities in the field of trade (the OKED 45 codes. 1, 45.3, 45.4, 46, 47), and also the activities connected with the real estate (the OKED code 68);

14) crowd funding – the licensed investment and loan crowdfunding platform in the Republic of Kazakhstan registered in the territory of the International financial center "Astana";

15) the credit agreement – the written agreement signed between financial institution and the entrepreneur under the terms of whom the financial institution grants the loan with nominal rate to the entrepreneur (the agreement on opening of credit line also belongs to the credit agreement);

16) refinancing – substitution of means on the financial instrument, earlier issued financial instruments to the entrepreneur, at the same time is included only principal debt without the remuneration, penalties, penalty fee and other payments connected with debt collection into the amount of refinancing as in judicial, and extrajudicially;

17) the agreement of financing – the written agreement signed between Islamic bank and the entrepreneur under the terms of whom the Islamic bank grants commercial credit to the entrepreneur – to the buyer or the seller of goods (the general agreement of financing within which between Islamic bank and the entrepreneur separate agreements on provision of commercial credit (financing) are signed also belongs to the agreement of financing;

18) the agreement of financial leasing – the written agreement signed between LK/BVU and the entrepreneur under the terms of whom LK/BVU provide to the entrepreneur financial leasing;

19) the financial agency – joint-stock company "Fund of development of entrepreneurship "Lady" (further – Fund);

20) authorized body of the financial agency – the permanent collegiate organ performing the activities within the powers conferred to it by the charter of the financial agency, credit policy of the financial agency and fixed by internal documents of the financial agency;

21) financial institution – БВУ/ЛК/ИБ/ИЛК/краудфандинг;

21-1) information systems of financial institution – information system of the second level by means of which are performed acceptance, processing of statements of entrepreneurs on financing using postformatno-logical control of system of the first level and transfer of data on statements in system of the first level;

22) target use of the financial instrument – use by the entrepreneur of the credit obtained under the contract for the purposes corresponding to conditions of these rules (target use of the financial instrument is confirmed by the relevant documents which in total confirm payment, obtaining and use by the entrepreneur in full of assets/works/services and (or) achievement of other purposes, in accordance with the terms of these rules);

23) loan – crediting with remuneration (further – nominal rate) for certain term of small business entities and microentrepreneurship;

24) the loan agreement – the written agreement signed between crowd funding, the entrepreneur and the investor under the terms of whom the investor provides loan to the entrepreneur;

25) authorized body of Fund – the permanent collegiate organ of the financial agency having rights to make decisions on the questions carried to competence and powers of Fund;

26) leasing company (further – LX) – the participant of the leasing transaction performing activities within implementation of these rules;

27) the leasing transaction (leasing) – set of coordinated actions of the participants of leasing directed to establishment, change and the termination of the civil laws and obligations;

28) the state institutes of development – national managing holdings, national holdings, joint-stock companies which controlling stocks the national managing holding or national holding, the rendering measures of the state support in different sectors of economy own;

29) the regional coordinator – determined by the akim of area (the capitals, the cities of republican value) structural division of local executive body in the field of entrepreneurship;

30) subsidies – the periodical payments on non-paid and irretrievable basis paid by the financial agency to financial institution within subsidizing of entrepreneurs on the credits / to leasing transactions / to financing/loan (further – the financial instrument) based on the credit agreement / agreement of financial leasing / agreement of the financing/agreement of Islamic leasing / loan agreement (further – the agreement);

31) subsidizing – form of provision by the financial agency of subsidies to entrepreneurs for financial institutions in part:

remuneration rates on credit/leasing;

markups / lease payment on financing;

remuneration rates on loan;

32) the agreement on subsidizing – the written agreement signed between financial institution and the financial agency, determining the rights and obligations of each of the parties within subsidizing realization;

32-1) registrar – the legal entity with absolute participation of the state in the authorized capital determined by the central authorized body by budget implementation, providing technical maintenance of monitoring of use of measures of the state support of private entrepreneurship and their receivers with use of system of the first level;

32-2) registratorsky information system (further – system of the first level) – the monitoring system of measures of the state support of private entrepreneurship and their receivers integrated with information systems of the second level, containing the reference electronic register of requests of entrepreneurs where by means of postformatno-logical control check of compliance of entrepreneurs to conditions of absence concerning them restrictive criteria is performed;

33) authorized body – authorized body on entrepreneurship according to Item 3 of article 85 of the Code and the subitem 17) Item 13 of the Regulations on the Ministry of national economy of the Republic of Kazakhstan;

34) the affiliated/connected persons – physical persons and legal entities according to Items 1, 1-1 and 2 articles 64 of the Law of the Republic of Kazakhstan "About joint-stock companies", Items 1 and 2 of article 12-1 of the Law of the Republic of Kazakhstan "About partnerships with the limited and accessorial liability";

34-1) restrictive criteria – criteria of check of receivers of measures of the state support by system of the first level;

35) the general qualifier of types of economic activity (further – OKED) – the national qualifier establishing procedure for classification and coding of types of economic activity.

3. Subsidizing is performed at the expense of means of the local and/or republican budget.

The means provided for subsidizing at the expense of the republican budget are listed by authorized body in the financial agency on the basis of the signed contract for transfer to the special account of the financial agency.

The means provided for subsidizing at the expense of the local budget are transferred by the regional coordinator into the special account of the financial agency on the basis of the signed contract for money transfer for subsidizing according to appendix 1-1 to these rules.

The financial institution opens for the financial agency the current account for transfer of the amounts of subsidies.

The financial institutions which do not have the right of opening and maintaining business bank accounts in coordination with the financial agency determine bank - the payment agent in whom the financial institution will open the current account for transfer of subsidies.

4. In case of insufficiency of funds for subsidizing from the republican budget, the regional coordinator at the expense of means of the local budget provides allocation of additional resources for subsidizing in accordance with the established procedure.

5. The financial agency for the purposes of forming of the general complex annual analytical report of efficiency on the projects which received subsidizing (further – the report), no later than July of the year following for reporting sends results of the report to authorized body.

6. The authorized body pays for provision of services within these rules at the expense of means of the republican budget to the financial agency based on the agreement signed with it.

7. Subsidizing is not performed on entrepreneurs:

1) projects of which are directed to release of excisable goods / products, except for the projects providing release of motor vehicles and release of the alcohol-containing products of medical appointment (except balms) registered according to the legislation of the Republic of Kazakhstan as medicine;

2) planning to realize the project in the mining industry and development of pits;

3) fifty and more percent of shares (share in the authorized capital) which directly or indirectly belong to the state, national managing holding, national holding, the national company;

4) pattern of ownership of which is drawn up as private institution according to article 10 of the Law of the Republic of Kazakhstan "About non-profit organizations";

5) performed and/or planning to perform sale/donation/transfer to confidential management / lease / free use of asset to the person at whom it was acquired for the credit account including making and/or planning in the future reorganization of the company of the entrepreneur in the form of accession to this person or merges to this person (in case of identification during monitoring of the projects specified in this subitem of cases, subsidizing stops and earlier paid subsidies are subject to return);

6) stopped or suspended activities as the subject of private entrepreneurship (verification of the status of activities of the subject of entrepreneurship is performed on the eSalyk portal);

On which 7) the information system of the first level reveals restrictive criteria.

8. The projects of entrepreneurs realized on the types of activity specified in item 4 of article 24 of the Code and financial instruments within these rules are not subject to subsidizing:

In which 1) creditor are the state institutes of development, and also legal entities, more than fifty percent of shares (share in the authorized capital) which belong to the state and persons affiliated with them;

2) which were reduced the price at the expense of budgetary funds;

3) directed to the redemption of shares, shares of the organizations, and also companies as property complex;

4) in the form of the overdraft;

5) on returnable, secondary or to subleasing;

6) directed to activities of pawnshops, the microfinancial, factoring organizations and leasing companies;

7) directed to acquisition at the affiliated/connected persons of fixed assets, goods in the form of real estate objects, assets, works and services, except for:

constructions (including expansion, upgrade, technical updating, reconstruction, restoration, capital repairs) the new and (or) existing objects (the building, constructions and their complexes, communications), in case of availability of the supporting document on implementation by the affiliated/connected person of activities for construction;

purchases of goods, works and services at the affiliated/connected persons which are official distributors in the territory of the Republic of Kazakhstan;

purchases of goods, raw materials and/or materials at the affiliated/connected persons if such goods, raw materials and/or materials are made by the affiliated/connected person;

8) the financial instruments directed to acquisition of the ready and entered into operation / existing project which was earlier receiving subsidizing without additional upgrade less than 20% of the acquired project;

9) directed to payment of the tax liabilities, pension and social assignments, customs payments and charges, the salaries, tenancy, utilities and other services, and also on carrying out calculations for payment of the current payments on servicing of credits/agreements of financial leasing / financing and other purposes;

10) the financial instruments directed to acquisition of the properties/assets which afterwards are drawn up on the third parties and also implementation of asset construction on the parcel of land belonging to the third parties, except for constructions on the parcel of land which is in state-owned property and carrying out repair works / upgrades / reconstruction of the real estate object which is in lease of the third parties.

9. Financial instruments are issued in national currency.

9-1. Monitoring of use of measure of the state support is performed in the two-level system including:

1) the first level – the registratorsky information system integrated with information systems of the second level, containing the reference electronic register of requests of entrepreneurs where by means of postformatno-logical control check of compliance of entrepreneurs to conditions of absence concerning them restrictive criteria is performed;

2) the second level – industry state or non-state information systems by means of which are performed order taking from entrepreneurs of measures of the state support, their processing using formatno-logical control and transfer of the processed requests for the first level.

Entrepreneurs agree to collection, processing, storage, unloading and use of personal data by the registrar.

9-2. In case of receipt of requests of entrepreneurs in system of the second level the system of the second level sends to system of the first level inquiry for check of compliance of the entrepreneur to conditions of absence concerning it restrictive criteria.

The system of the first level provides the answer with result of check of compliance of the entrepreneur to conditions of absence concerning it restrictive criteria.

The request is subject to further processing in case of receipt of the answer about lack of restrictive criteria.

The data specified in the request and the statuses of processing of the request are subject to transfer by system of the second level in system of the first level.

Chapter 2. Procedure for subsidizing

Paragraph 1. Conditions of provision of subsidies

10. Participants of subsidizing are the entrepreneurs implementing and (or) planning to realize own projects in priority types of economic activity and without place of registration according to appendix 1 to these rules and also subjects of social entrepreneurship according to the subitem 13) of Item 2 of these rules with observance of the requirements established by Items 7, of 8, of 9 these rules.

11. Subsidizing is performed on the new financial instruments issued by financial institution for implementation of new effective investment projects, replenishment of current assets.

New effective investment projects are understood as the projects of entrepreneurs providing obligatory increase in payable taxes (corporate income tax / the individual income tax) and increase in annual average number of workplaces on the basis of the state revenues of the Ministry of Finance of the Republic Kazakhstan yielded Committee / the tax declaration, including data on compulsory pension contributions and (or) social assignments and (or) according to the statement from personal account about condition of calculations with the budget, for 10% after 2 (two) financial years. At the same time reporting date in case of measure calculation of efficiency is the beginning of the following financial year regardless of start date of subsidizing.

At the same time the above-stated indicators are confirmed by the entrepreneur who directly received/gets support in subsidizing type.

On the financial instruments of entrepreneurs directed to the purposes the replenishment of current assets, requirements provided in this Item do not extend.

12. The new financial instruments which are earlier issued by financial institution within 12 (twelve) months before date of the direction in the financial agency of the copy of the agreement/payment schedule or data on the contract for the automated service of the financial agency are also subject to subsidizing.

13. The amount of the financial instrument which is subject to subsidizing constitutes no more than 200 (two hundred) million tenges for one entrepreneur taking into account all operating financial instruments on which subsidizing, including on the persons/companies affiliated with it is performed.

Repeated receipt of subsidy for new financial instruments within the sum determined by these rules in case of partial/complete early repayment of principal debt is allowed.

14. Subsidizing is performed on the financial instrument with nominal rate which consists of the base rate established by National Bank of the Republic of Kazakhstan (further – NB RK) and increased by 4 (four) percent points.

The amount of subsidizing constitutes 40% of nominal rate, the difference from nominal rate is paid by the entrepreneur, at the same time the rate for the entrepreneur is at least % 12,3. In case of reduction of the base rate established by NB RK below % 16,5, the rate paid by the entrepreneur is established by % 12,3, and the difference is subsidized with the financial agency.

Subsidizing on projects of subjects of social entrepreneurship is performed with nominal rate from which 11,3 of % is paid by the entrepreneur, and the difference is subsidized with the financial agency.

When calculating nominal rate the base rate established by NB RK and operating at the time of the decision of financial institution on the project of the entrepreneur is considered.

15. Subsidizing term on the financial instrument constitutes 3 (three) years without the right of prolongation of term of subsidizing.

16. The financial institution, except for crowd funding, does not charge any fees, charges and (or) other payments (further – the commission) on financial instruments on which subsidizing within these rules, except for is provided:

1) the conditions connected with change initiated by the entrepreneur;

2) the obligations levied for cause of infringement by the entrepreneur on the financial instrument;

3) connected with carrying out independent assessment, insurance, registration of the agreement of pledge and removal of encumbrance;

4) payments on settlement cash servicing.

In case of decision making by financial institution about subsidizing of the operating financial instrument the financial institution, except for crowd funding, compensates to the entrepreneur of the commission, the charges and/or other payments withheld during the period since the beginning of the current year to decision date by financial institution about subsidizing in the current year, except for the commissions, possible to collection, from financial institution provided by this Item. At the same time data of the commission, charges and/or other payments are subject to compensation to the entrepreneur within 3 (three) months from actual date of signing by all agreement parties.

17. The term of implementation of investment projects according to which subsidizing is performed cannot exceed 24 (twenty four) months from start date of subsidizing. Provision of additional term no more than for 1 (one) financial year after the expiration established by these rules in cases is allowed:

1) force majeur circumstance, such as the natural disasters, wars, epidemics and other unpredictable events influencing project implementation;

2) considerable changes in the legislation which could not be predicted at the time of the beginning of project implementation and which require extra time for adaptation;

3) the contingencies connected with technical, economic or production difficulties which arose in implementation process of the project provided that they were not result of negligence or negligence from the entrepreneur receiving subsidies.

Paragraph 2. Determination of limit on financial institution

18. Limits on financial institutions affirm authorized body of Fund annually. At the same time review of limits on financial institutions within year by authorized body of Fund is allowed.

19. For participation in distribution of limit the financial institution conforms to the following requirements:

1) accomplishment of prudential and other standard rates of NB RK;

2) compliance to the internal documents approved by governing body of the financial agency.

20. Minimum requirements to participating leasing companies, in particular:

1) equity of leasing company is not lower than 1 (one) one billion tenge as of the end of the last calendar day of month from the moment of the address and until the end of subsidizing limit term;

2) implementation of the main activities at least 1 (one) year, preceding application.

21. After determination of limit between financial institution and the financial agency the agreement on subsidizing in which are specified is signed:

1) terms of development of limits;

2) subsidizing payment procedure;

3) projects implementation monitoring implementation;

4) conditions of redistribution of the released limits between projects on which subsidizing (inappropriate use of means/discrepancy of the project and/or the entrepreneur to conditions of these rules) is stopped.

Other conditions, are determined by agreement of the parties and drawn up in writing.

22. In case of lack of means of the local/republican budget for subsidizing agreements/payment schedules or data on contracts for the automated service of the financial agency are not accepted.

Paragraph 3. Procedure for provision of subsidizing

23. The entrepreneur addresses to financial institution with the request for provision of the financial instrument.

24. The financial institution carries out complex assessment / examination of financial and economic efficiency of the project.

25. The financial institution refuses provision of subsidies with motivated reasons in cases of discrepancy of the project to the conditions specified in Items 7, of the 8 and 9 Chapter 1, paragraphs 1 and 2 of Chapter 2 of these rules.

26. The financial institution on the operating financial instrument until subsidizing writes off penalties and penalty fee for non-execution by the entrepreneur of obligations on timely repayment of the principal debt and remuneration provided by the agreement.

27. In case of adoption by financial institution of the positive decision on provision of the financial instrument and after the conclusion of the agreement within subsidizing the financial institution provides to the financial agency:

1) the copy of the agreement/payment schedule or data on the contract for the automated service of the financial agency, at the same time the beginning of term of subsidizing in the provided documents it is established no more than in 30 (thirty) calendar days prior to date of the direction to the financial agency;

2) the letter notification in form according to appendix 2 to these rules (in case of data transmission on the automated service of the financial agency the letter notification is not required);

3) the statement questionnaire according to the request of the entrepreneur in form according to appendix 3 to these rules.

28. In case of agreement signature the entrepreneur assumes liability on target use of the financial instrument and/or on project compliance to conditions of these rules. In case of non-execution of these obligations by the entrepreneur subsidizing stops, the entrepreneur compensates to the financial agency the amount of the paid subsidies.

29. In process of agreement signature the financial institution provides to the financial agency document package for implementation of payments taking into account Item 27 of these rules.

30. Subsidies on projects are paid in the presence of means from the corresponding regional coordinator / authorized body.

In case of lack of funds for subsidizing in the budget the entrepreneur makes payment to the subsidized and not subsidized part. In case of receipt of budgetary funds the financial agency compensates to the entrepreneur subsidized part according to the payment schedule.

31. Money transfer, provided for subsidizing, is performed by the financial agency on the current account of financial institute / in bank - the payment agent monthly advance payments (once/several times a month) taking into account the payment schedule to the agreement provided by financial institution taking into account compensation of subsidies for previous periods.

In case of receipt of the budgetary funds provided on subsidizing in first-priority procedure the amount necessary for implementation in the current financial year of payments for projects to 5 (five) billion tenges is reserved. The remained funds are allocated for payments of subsidies for projects over 5 (five) billion tenges within available financing in preference order, starting with projects with the smallest size of subsidy and further according to the procedure of its increase, before complete application of funds.

According to the loan agreement money transfer, provided for subsidizing, is performed by the financial agency on the current account in bank - the payment agent based on the notification of crowd funding on the fact of carrying out complete payment by the entrepreneur on loan (principal debt, subsidized and not subsidized part) taking into account the payment schedule to the loan agreement provided by crowd funding taking into account compensation of subsidies for previous periods in the presence. Subsidies are listed in the presence of funds on the account of the financial agency for repayment date by the entrepreneur of planned payment.

The financial institution independently calculates the receivable amount of subsidies taking into account regulations of these rules. Check of the specified calculations by the financial agency is not performed.

In case of money transfer, provided for subsidizing, the financial agency at the same time notifies financial institution by the direction of the copy of the document on money transfer by e-mail. In the notification the name of financial institution, the region, the name of the entrepreneur, the amount of subsidies and the period for which payment is performed are specified.

32. Money transfer, provided for subsidizing, on projects of entrepreneurs, in case of lowering of the credit rating and other signs of deterioration in financial condition of financial institute / банка-платежного the agent (approach of one or several cases), is performed including:

in case of lowering of the credit rating from the international rating agencies it is lower than the level "B" on scale of ratings Standard&Poors;

in case of decrease in value of coefficient of K4 it is lower than the 0,4 level;

in case of violation of prudential standard rates within 2 (two) months in a row, the financial agency based on the notification of financial institution on the fact of carrying out complete payment by the entrepreneur on the financial instrument (principal debt, subsidized and not subsidized part) or the payments covering the forthcoming obligations of the entrepreneur by subsidized part for the short-term period proceeding from payment schedules to the agreement.

In case of correction at financial institute / банка-платежного the agent of the indicators stated above transfer by the financial agency of the means provided for subsidizing is performed by advance payments (once/several times a month) taking into account the payment schedule to the agreement.

According to the loan agreement, in case of correction at bank - the payment agent of the indicators stated above transfer by the financial agency of the means provided for subsidizing is performed on the current account in bank - the payment agent based on the notification of crowd funding on the fact of carrying out complete payment by the entrepreneur on loan (principal debt, subsidized and not subsidized part) taking into account the payment schedule to the loan agreement.

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