The government subsidizes these loans
As part of the state program to support businesses, the Open Joint Stock Company Microcredit Company "Entrepreneurship Development Fund," operating under the Ministry of Finance, has launched a preferential lending program, offering loans at an interest rate of 6% per annum for small and medium-sized enterprises. Adilet Kamchybekov, the deputy chairman of the fund's board, announced this on the air of Birinchi Radio.
The financial assistance is intended for entrepreneurs working in areas such as manufacturing, processing, export, information technology, and innovation. Loans can also be used to provide services in the fields of tourism, education, and healthcare. Additionally, the funds may be directed towards the purchase of real estate, including premises, for the purpose of expansion, modernization, or increasing the production capacity of the existing business.
Photo www
