Applications Now Open for Financial Support Programs in the TRNC

The application process for the Financial Support Program, established under the 2024 Economic and Financial Cooperation Agreement between the Republic of Turkey and the Turkish Republic of Northern Cyprus (TRNC), has officially begun.

According to a statement from the Prime Minister's office, the 2024 financial support program, coordinated by the Embassy of the Republic of Turkey in Nicosia and the Prime Ministry’s Investment Development Agency (YAGA), with technical support from the Çukurova Development Agency, is designed to assist various sectors of the economy with a total budget of 110 million Turkish lira.

The program consists of four distinct support packages, which have already been prepared:

1. Industrial Sector Competitiveness Support Program: Aimed at businesses in the industrial sector, this program has a budget of 30 million TL, with grants of up to 1.5 million TL available.

2. Young Entrepreneurs Grant Program: Targeted at young entrepreneurs born after 1989, this program also has a budget of 30 million TL, with a maximum grant of 1 million TL.

3. Tourism Sector Support Program: This program, with a budget of 30 million TL, is for businesses in the tourism industry, offering grants of up to 2 million TL.

4. Agriculture and Livestock Support Program: Designed for businesses in agriculture and livestock, this program has a budget of 20 million TL, with grants up to 650,000 TL available.

Application guidelines and forms will be available on the organizers' websites starting at 11:00 today.

Applications will be accepted from December 9, 2024, to January 28, 2025.

Application links:

• https://tchibe.kei.gov.tr/
• https://girisimcilik.kei.gov.tr/