President Mirziyoyev issued the Additional Measures Aimed at Wide Engaging of the Public Into Entrepreneurship and Development of Family Entrepreneurship in the provinces Thursday.
In accordance with the decree under the program “Every Family is an Entrepreneur”:
- the envisaged projects and activities will be funded with the credit lines of the Uzbekistan Fund for Reconstruction and Development and international financial institutions;
- low-interest loans will be provided to the public and business entities at the rate of 8 percent per annum for a period of not more than 3 years with a 3-6-month grace period;
Loans will be provided under target programs - as Every Family - Entrepreneur, Youth is Our Future.
As noted, the funds will be transferred to the accounts of the goods’ (services) supplier after their delivery of at the contract price.
