State Fund for financial support of development of entrepreneurs established in Uzbekistan, informs UzA.
The main goals of the Fund are set as strengthening legal mechanisms for protection and guarantees of private entrepreneurship, creation new means by government to support them, widening access of entrepreneurs to credit resources, and consecutively stimulation of job creation. The President Shavkat Mirziyoyev has signed related Decree on August 17, 2017.
The Fund, considered as a state institution, will appropriate resources to banks to provide loans to small business units and be a guarantor for up to 50 % of the amount of not exceeding 500 000 USD loans of small businesses. Furthermore, the newly established Fund provide compensation for interest expenses on not exceeding 1 000 000 USD loans of commercial banks.