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Uzbekistan allocates loans for family entrepreneurship dev't

Uzbekistan Materials 9 March 2024 11:05 (UTC +04:00)
Kamol Ismailov
Kamol Ismailov
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TASHKENT, Uzbekistan, March 9. Within the framework of family entrepreneurship development programs, Uzbekistan envisages the allocation of soft loans at a rate of 14 percent per year, Trend reports.

The soft loans are provided:

to the population and business entities that have expressed a desire to engage in family entrepreneurship, certain labor activities aimed at generating income, and expand the type of activity for a period of up to 3 years, including a grace period of 3 to 6 months;

for animal breeding, fish farming, rabbit farming, beekeeping, turkey and poultry farming, biohumus production, construction of "field stores," as well as installation of mobile refrigerators, for a period of 3 years, including a grace period of up to 1 year;

for the organization of gardening, viticulture, and lemon growing; the construction of greenhouses; the purchase of agricultural machinery and equipment; and the drilling of artesian wells for up to 7 years, including a grace period of up to 3 years;

for the organization and repair of family guest houses, hostels, complexes of yurt camps, auto-camping, complexes of eco-houses, container towns, and camping camps for up to 5 years with a grace period of up to 1 year;

to members of the Hunarmand Association (a non-governmental, non-profit, and public organization) for the purchase of equipment, spare parts, and raw materials for a period of up to 3 years and for the replenishment of working capital for a period of up to 18 months;

for the purchase of equipment, spare parts, and raw materials for production needs of leather goods, leather-finished garments, footwear, sports equipment, as well as fittings, accessories, and fur products—for a period of 5 years, including a grace period of up to 1 year.

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