According to Umetaliev, state support for entrepreneurship continues, and funds are being allocated from the republican budget for business lending.
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“The preferential lending program is designed until 2030 and includes annual subsidies for interest rates on loans for SMEs. Preferential loans are provided by four banks. The funds received can be used for investment purposes, replenishing working capital, and refinancing previously taken loans. The main focus of state support is on small and medium-sized businesses, which account for about 50 percent of the country's GDP,” noted Umetaliev.
He also added that 60 percent of the allocated funds will be directed to support businesses in the regions, while 40 percent will be aimed at assisting women entrepreneurs. The sewing industry has been identified as one of the priority areas, as it is an export-oriented sector.
In addition, Umetaliev emphasized that the program includes support for startups.
In the current year, the total volume of the loan portfolio will amount to 3.7 billion soms, according to him.
