Special conditions offered to tailors
On January 14, the Cabinet of Ministers approved a new initiative aimed at supporting small and medium-sized businesses, which includes a preferential lending program. This was reported by Bakyt Sydykov, the Minister of Economy.
According to the new conditions, the total volume of the credit portfolio will amount to 3 to 3.6 billion soms, of which about 300 million soms are intended for subsidizing interest rates. Entrepreneurs will be able to take loans at an interest rate of 6% per annum for a period of up to 5 years.
For representatives of the textile industry, additional preferences are provided, including more favorable conditions such as an extension of the grace period by 6 months, as well as the possibility of refinancing existing loans under new terms, as the minister explained.
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