Regulatory Alerts2018-06-07 | ПҚ-3777Added · Updated
On the Implementation of the "Every Family is an Entrepreneur" Program
The decree implements the "Every Family is an Entrepreneur" program across all districts and cities of Uzbekistan to improve living standards and ensure employment through family entrepreneurship. It mandates regional and local centers to study household potential, provide preferential loans up to 300 million soums with specific collateral requirements, and allocate unused land to new business entities. The program requires commercial banks to offer loans at rates up to 14 percent, establishes a compensation fund for interest expenses, and tasks various ministries with legalizing unregistered businesses, simplifying insurance terms, and organizing equipment exhibitions, with a pilot launch in the Andijan Region starting June 10.