Regulatory Alerts2005-04-09 | 6/3Added · Updated
Resolution on Amendments to the Regulation on the Procedure for Commercial Banks to Grant Loans to Farmer Holdings Pledged with Future Harvest
The Central Bank of Uzbekistan approved amendments to the Regulation on the procedure for commercial banks to grant loans to farmer holdings pledged with future harvest. The amendments authorize commercial banks to establish preferential interest rates for these loans, permit payments for harvesting grain and collecting cotton raw materials, and recommend that the maximum loan amounts for financing specific crop cultivation costs be determined based on annually approved agrotechnical cards by the Ministry of Finance and the Ministry of Agriculture and Water Resources. These changes were coordinated with the Ministry of Finance, the Ministry of Agriculture and Water Resources, the State Committee for Management of State Property and Support of Entrepreneurship, the State Committee for Land Resources, Geodesy, Cartography and State Cadastre, and the Union of Peasant and Farmer Holdings.
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