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Credit, internship, and business centers for youth!

Uzbekistan
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Loans, internships, and business centers for youth!
Starting this year, new opportunities are being created for young people. This was reported by Zamin.uz.

In particular, within the framework of the “Future Entrepreneur” program, it is planned to allocate loans for up to 7 years to support young entrepreneurs. The interest rate on these loans is set at 15 percent.

Additionally, an internship program called “My First Profession” will be launched for graduates of higher education institutions. Furthermore, it is planned to establish “Youth Business Incubator” centers in the regions.

Loans will be gradually allocated to various categories of youth. For example, young people who are self-employed will be given loans up to 20 million soms without collateral.

For those starting a new business, funds of up to 300 million soms may be allocated. Also, entrepreneurs wishing to expand their business can receive loans up to 2 billion soms, and entrepreneurs who employ at least 5 graduates can receive loans up to 10 billion soms.

The “My First Profession” program is aimed at facilitating the entry of higher education graduates into the labor market. Within this program, a competition will be held based on internships, and winners will be awarded a scholarship of up to 2 million soms per month.

To address entrepreneurial issues, “Youth Business Incubator” centers are being established. These centers aim to teach young people the basics of entrepreneurship, help implement business ideas, and provide assistance in areas such as accounting and marketing.

This year, such centers are planned to open in Karakalpakstan, Jizzakh, Namangan, Surxondaryo, Khorezm, and Tashkent city. Next year, similar centers will be established in other regions as well.

In conclusion, young people now have the opportunity to receive financial and practical support. Through loans, internships, and incubators, a wide path is opening to start or develop their own business.

Importantly, effective use of these opportunities is in the hands of each young person. Source: zamin.uz.

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