Preferential loans are provided under conditions tailored to the regions

This year, it is planned to allocate credit funds amounting to 140 trillion soums to support small and medium-sized businesses. This was reported by Zamin.uz.

However, the terms of these loans will be revised, taking into account the specific opportunities and needs of the regions. This was reported by podrobno.uz.

President Shavkat Mirziyoyev criticized the fact that banks are offering loans to all regions under the same conditions at a meeting dedicated to reducing poverty and ensuring employment by 2026. He emphasized that the economic capabilities of regions and neighborhoods differ significantly from each other.

For example, it was stated that comparing the conditions of Olmazor and Buzatov districts is incorrect. It was also criticized that under the family entrepreneurship program, identical loans at a 17.5 percent rate are allocated to both regions.

From now on, loans will be provided at a 12 percent rate in 37 economically disadvantaged regions. Additionally, the maximum preferential loan amount under the family entrepreneurship program has been increased by 1.5 times for all regions, set at 50 million soums.

Furthermore, unsecured loans of up to 100 million soums can be provided for purchasing pedigree livestock, and up to 150 million soums for establishing guest houses, refrigeration, or product processing technologies. For 562 neighborhoods in border and enclave areas, the loan limit will be increased up to 1 billion soums.

In addition to the 3.6 trillion soums planned for financing family businesses for these purposes, another 2 trillion soums will be allocated. Banks also plan to allocate 17 trillion soums in loans to develop the specialization of neighborhoods.

Four percent of loans taken for agricultural production and six percent for product processing will be compensated.