Baku, Azerbaijan, June 21. The Ministry of Finance of Kyrgyzstan is working hard to support local businesses, within the framework of the "Project of Emergency Support for the Private and Financial Sector", Trend reports via Kyrgyzstan's Ministry.
One of the main conditions for participation in the project is no debts on tax and insurance premiums, in addition participants must meet the following criteria:
- Individual entrepreneurs with an annual turnover of no more than 8 million soms ($100,628) are eligible for getting up to 250,000 soms ($3,144).
- Individuals and legal entities whose annual turnover does not exceed 30 million soms ($377,358) will be able to receive up to 1 million soms ($12,578).
Notably, under the terms of this project, interest-free loans are granted, but the agricultural sector is not supported.