InterestSupport and Interest - Free Loon Support
(1) Interest support is a free aid envisaging the interest expenses they will pay in return for the loans they will get from the relevant intermediary institutions to be met by the agency for the projects of the profit-oriented natural and legal persons as qualified in the application guide.
 
(2) Maximum amount of support for each of the project envisaged to be supported by interest support cannot exceed 5% of the total appropriation allocated for interest support for that year.
 
Interest-Free Loan Support
 
(1) Interest-free loan support is a free aid envisaging giving loans by means of the relevant intermediary institutions for the projects of the profit-oriented natural and legal persons as qualified in the application guide and paying this financial aid in installments without paying any interest to the agency in accordance with the principles and procedures stated in the regulation. 
 
 
(2) In the interest-free loan support, the beneficiary is given at least a three-month non-refundable period starting from the contract date and repayment is completed within maximum four years starting from the contract date.
 
Principles for Interest Support and Interest Free Loan Support
 
(1) The following rules shall be followed for the interest support and interest-free loan support applications:
 
a) Provided that they conform to the principles and procedures stated in this Regulation, in the applications of interest-support and interest-free loan support, the agency should cooperate with the related public institutions and organizations and finance organizations in the region and make use of the resource by means of them. The principles and procedures regarding benefiting from the joint resource with the relevant mediatory institutions are determined by the bilateral and multilateral agreements to be made between the agencies and the relevant institutions and one copy of these are submitted to the Undersecretariat by the agencies for information. In the agreements to be signed by the agency, the issues such as the courts to be authorized in case of the rights and responsibilities of the agency and the related intermediary institution and of the disputes, the notification addresses, the duration of the protocol, and confidentiality are arranged in detail in case of the types, scope, upper limits, term options of the loans to be provided within the scope of the support, maximum amount of support provided by the agency, evaluation and informing period of the loan requests, documents to be submitted by the applicants for their loan request and collateral surety, interest rates to be applied, operational expenses to be requested from the project owner due to their loan use, period of interest support, payment terms and time, responsibilities of the agency and the concerned intermediary institutions, clauses of maturity, event of default, default interest, terminating or canceling the support, not obeying the rules of the projects stated in the agreement.  
 
b) The agency can use one or more of the methods such as progressive call for proposals or joint project support in such applications of support intended to reach a number of beneficiaries, particularly the profit-oriented ones. The cooperation and coordination to be made with the central administrative levels of the relevant intermediary institutions are conducted over the Undersecretariat. The total annual amount of the applications of interest support and interest-free loan support cannot exceed fifteen percent of the initial expense budget of the agency. However, this rate can be increased up to twenty five percent with the approval of the Undersecretariat. 
 

c) In the application guides related to the calls for proposals for the interest support or interest-free loan support to be announced as stated in the contract to be made between the agency and the relevant intermediary institutions; the points such as contracted intermediary institutions, duration of the loan agreement to be made between the beneficiary and the relevant intermediary institution, types, limits and terms of loans for support, and maximum amount of support, payment time of the proceeds and principal, and terms of use and payment are clearly determined.  
 
ç) Among the application documents, the applications of the applicants that can not document their loan applications until the date of the delivery date of the project for the projects that have not yet been finalized or for those without a signed and sealed loan suitability letter are rejected during the preliminary inspection. The loan requests of the applicants applying with the loan application documents provided by the intermediary institution instead of loan acceptance letter are finalized until the end of preliminary inspection period and those whose credit requests are accepted are informed to the agency. The applications whose loan request acceptances are not informed to the agency or those whose loan request evaluations are rejected are not taken into independent evaluation process and are rejected.
 
d) In the budget control of the projects, special importance is paid to the consistency between the amount of loan requested and the budget, and the amount of interest support computed over this amount.
 
e) The commissions and expenses the applicants who demand guarantee from the Loan Guarantee Fund pay in return for the services offered by the stated funds are evaluated as inappropriate costs.
 
f) The technical evaluation of the project in terms of their suitability to plans, programs and other development policies and means, and contribution to local development is carried out by the relevant agency and within the independent evaluation time stated in this regulation.
 
g) According to the provisions of the agreement made with the relevant intermediary institutions, financial matters of the independent evaluation process can be shared between the agency and the related intermediary institutions within the framework of corporate cooperation.
 
ğ) The payments regarding the support are not made to the project owner in any case. The payments within this scope are directly sent to the accounts of the related intermediary institutions within the framework of the contract made with the beneficiary and the agreement made with the relevant intermediary institutions. For the close follow-up of the approval notices and payments, an electronic system is installed between the agency and the relevant intermediary institutions.
 
(2) Regarding the direct financing support, the provisions stated in Articles 12 to 27 are applied exactly the same way for the interest support and interest-free loan support applications as long as the content is deemed suitable.