As part of new measures, young families will be given the opportunity to receive compensation for part of the interest rate on mortgage loans if it exceeds 14%, which corresponds to the current key rate of the Central Bank of the country.
In addition to improving housing conditions, the reforms will also cover the fields of education and employment. Starting this year, students of technical colleges will be able to participate in the Work and Travel program, receiving loans from the state to cover travel expenses abroad for work. Technical colleges and universities will also be allowed to create subsidiary companies (spin-offs) to commercialize scientific research, for which grants of up to 1 billion soms will be allocated.
To stimulate private education in the country, an Association of Educational Centers will be established, and its members will be provided with unique tax preferences. For example, the income tax for educators will be reduced from 12% to 7.5%, and the social tax will be only 1%. Educational institutions located in remote areas will be able to count on interest-free loans.
Special attention will be paid to social integration and volunteering. A program called "Second Chance" will be launched in the country, aimed at rehabilitating youth released from places of detention, with free training in programming and design. A Fund to Support Volunteering will also be created with an annual budget of over 23 billion soms to finance civic initiatives. The President noted that these measures will help strengthen Uzbekistan's status as one of the leading countries in the global youth development index.
