NEW DECISION ON ALLOCATION OF LOAN TO YOUNG ENTREPRENEURS UP TO 540 MILLION UZS.
✅ Resolution of the Cabinet of Ministers of the Republic of Uzbekistan dated 21.12.2021 No. 765 "On additional measures to attract young people to entrepreneurship and support their business initiatives."
✅ According to the Presidential Decree No. PF-2021 of July 13, 6260, the Fund for Reconstruction and Development has allocated $ 100 million to the TIF National Bank.
✅ According to the decision, the allocated funds will be spent on new business projects of young entrepreneurs in 2022-2024.
❗️How much is the loan?
The loan amount is from 1000 times (270 million soums) to 2 times (540 million soums) of BHM.
❗️How long is this loan?
Loan term - 7 years, grace period - 3 years.
❗️What is the interest rate on this loan?
The interest rate is at the base rate of the Central Bank (ie 14%).
❗️Where to go for this?
To allocate loans, the Agency for Youth Affairs, the Chamber of Commerce and Industry and banks will form a list of young people who want to start a business, so you can go to these organizations and apply.
❗️Who will go and give this loan?
No, practical training courses on business skills and entrepreneurship training among young people, including "online" courses, are organized free of charge. Young people who successfully complete these courses will receive a certificate, after which they will receive loans to start their own business on the above terms.
❗️Let's say we read, then where do we get a loan?
To implement the business project, young people apply to the branches of the National Bank of TIF, and according to it the loan is allocated or rejected on the grounds.
❗️Is this something?
The government does not make decisions for something that does not exist.
