TASHKENT, Uzbekistan, April 12. Uzbekistan will
allocate 1.5 trillion soums ($118.2 million) for cultivation,
storage, sorting, processing, and export of high-yielding and
export-oriented agricultural products by the end of the year,
Trend reports.
This was reflected in a decree signed by President of Uzbekistan
Shavkat Mirziyoyev on support measures for farmers, producers, and
exporters of agricultural products.
Moreover, revolving loans of up to 1.5 billion soums ($118,226)
will be allocated to exporters from these funds at a rate 4 percent
above the main rate of the Central Bank of Uzbekistan. The
repayment period will be up to three years, with a six-month grace
period.
Credit resources will be provided through the small business
support program.
Meanwhile, Uzbekistan will support entrepreneurs in developing
business plans.
People with craft talents will receive assistance in obtaining
supplies, equipment, and working capital.
Employees from local regions and all economic departments will
participate in the work in the local mahallas. They will examine
household potential and, for example, develop a strategy for
effectively using homestead plots to enhance revenue by 60–70
million soums ($4,768–5,622).