He noted that the preferential lending program will be in effect until 2030 and will involve annual funding from the government. This year, the total volume of the loan portfolio will amount to 3.7 billion soms.
Preferential loans will be provided by four banks. The financing can be used for investment needs, replenishing working capital, and refinancing previously obtained loans.
“Small and medium-sized businesses account for about 50% of the country's GDP, so the main focus of government support is on this sector,” Umetaliev added.
It is planned that 60% of the allocated funds will be directed to the regions, while 40% will support women entrepreneurs. Among the priority areas, Umetaliev also highlighted the textile industry as a sector with export potential.
Additionally, this program includes support for startups. Beginning entrepreneurs will be able to receive up to 1 million soms for a period of 18 months with a grace period of up to 6 months.
