Financial support is expanding for young entrepreneurs
New opportunities are opening up for youth in Uzbekistan. This was reported by Zamin.uz.
The "Future Entrepreneur" program has been launched, and young entrepreneurs will start receiving financing at 15% interest for up to 7 years. Additionally, the "My First Profession" internship program for university graduates and the establishment of "Youth Business Incubator" centers in regions are planned.
Within the framework of "Future Entrepreneur," loans will be provided to young people step by step depending on the direction. Young people who are self-employed can receive loans up to 20 million soms without collateral, those starting a new business up to 300 million soms, young entrepreneurs wishing to expand their business up to 2 billion soms, and entrepreneurs who employ at least 5 graduates up to 10 billion soms.
The "My First Profession" program is launched in cooperation with the Ministry of Higher Education, Science, and Innovations to facilitate young people's entry into the labor market. An internship-based competition will be held among university graduates, and winners will receive a scholarship of up to 2 million soms per month.
The establishment of business incubators will support young entrepreneurship. Research shows that about 30% of young people face difficulties due to a lack of business skills.
For this reason, it has been decided to launch "Youth Business Incubators" in each region. These centers will provide services to young people in entrepreneurship training, turning ideas into business, accounting and banking issues, marketing, and access to domestic and foreign markets.
This year, incubators are planned to open in Karakalpakstan, Jizzakh, Namangan, Surkhandarya, Khorezm, and Tashkent city. In the coming years, similar centers are planned to be established in other regions.
Now young people should not stop saying "making money is difficult"; the path is open through loans, internships, and incubators. Most importantly, it is up to the youth to use these opportunities correctly.
Source: One.uz.
