Govn’t to allocate additional funds for the program “Every Family is an Entrepreneur”
Tashkent, Uzbekistan (UzDaily.com) -- A resolution of the President of Uzbekistan “On additional measures to finance the program “Every family is an entrepreneur” and the development of small industrial zones in Namangan region” was adopted.
In accordance with the resolution, in order to create a source of income for families whose social and living conditions worsened in the context of the coronavirus pandemic, by ensuring their employment, additional funds were allocated from the Reconstruction and Development Fund in the equivalent of US$98 million for the program “Every Family is an Entrepreneur ", including:
“Agrobank” - in the equivalent of US$40 million;
Khalq Bank - in the equivalent of US$30 million;
Microcreditbank - in the equivalent of US$28 million.
Also, it is planned to allocate US$2 million to microfinance services organizations, as well as non-governmental non-profit organizations to support projects to attract youth and women to small businesses.
Khokimiyat of Namangan region for the further development of small industrial zones in Namangan region will receive US$50 million.