Turkey will provide Small and Medium size Enterprises (SME) with a $212 million support loan package, Industry Minister Zafer Caglayan said on Tuesday. The aid package would offer interest free loans. (UPDATED)

The SMEs will be able to use the zero interest loans via the package which is generated completely from 2008 funds, Caglayan said.

He added the term of the loans would be 12 months with there would be no repayments in the first three.