Small and Medium Enterprises Will Be Given Preferential Loans Funded by the Republican Budget

Анна Федорова Economy
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Small and medium businesses will receive preferential loans funded by the republican budget

Special conditions are also expected for tailors


On January 14, the government made a decision to implement a new program aimed at supporting small and medium-sized businesses, as announced by the Minister of Economy, Bakyt Sydykov.

According to the terms of this program, the total volume of the loan portfolio will amount to 3 to 3.6 billion soms, with about 300 million soms allocated for subsidizing interest rates. Entrepreneurs will be able to take loans with an annual interest rate of 6%, for a term of up to five years.

For representatives of the garment industry, special conditions are provided: they will be able to take advantage of more favorable offers, including an extension of the grace period by six months and the possibility of refinancing previously obtained loans under new conditions, the minister added.

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