Bekeshev: The Housing Committee will discuss business loans at 6% per annum on January 19

Яна Орехова Exclusive
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Deputy of the Jogorku Kenesh Dastan Bekeshev announced an upcoming meeting of the committee on finance, budget, entrepreneurship, and competition development, which will take place on January 19 at 14:00. The agenda includes a preliminary ten questions.

One of the key topics will be the government's initiative to reduce the retention periods for credit information. It is proposed to shorten the retention period for positive credit history from 7 to 5 years, and for negative history from 5 to 3 years. The discussion will also cover the reduction of retention periods for data on debts of liquidated legal entities and for small debts not exceeding 10,000 soms.

The committee will also consider editorial changes to the investment law, in which, according to Bekeshev, errors were identified after its adoption in June 2025.

The agenda includes two draft laws concerning voluntary insurance of agricultural crops. The deputy noted that despite the existence of the law since 2009, it does not work in practice, and the state intends to start subsidizing such insurance.

Another issue will be the government's initiative to introduce liability for the absence of certification and non-compliance with certification procedures for products and services related to the halal category.

Bekeshev also reported that the committee will review two loan agreements for amounts of 30 million dollars each. One of the loans is provided by the International Fund for Agricultural Development (IFAD) at 1.25% for 20 years with a 5-year grace period, and the other from the Arab Fund for Economic and Social Development (AFESD) and the World Bank for 50 years at 0%. These funds will be directed towards equipping veterinary laboratories, training personnel, supporting private veterinarians, monitoring wild animals, and combating brucellosis and echinococcosis.

Additionally, the meeting will discuss a draft government decree on providing loans to small and medium-sized businesses ranging from 1 to 50 million soms at an annual interest rate of 6% for up to 5 years. The deputy noted that special attention will be given to manufacturers of textile and clothing products, as well as startups, which will be offered loans of up to 1 million soms with a 6-month grace period. To subsidize interest rates, the government plans to allocate 300 million soms to banks.

In conclusion, Bekeshev emphasized the importance of press services and press secretaries explaining complex regulatory documents in an accessible language.
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