"Qishloq Qurilish Bank" will be transformed into "Biznesni Rivojlatirish Banki"
Economy
The President stated that the operation of this new bank, the way it works, and the financing mechanisms will be new.
"Qishloq Qurilish Bank", operating in Uzbekistan, will be transformed into "Biznesni Rivoilatirish Banki". This was announced today during an open dialogue between President Shavkat Mirziyoyev and entrepreneurs.
It is noted that in recent years, a lot of practical work has been done in the country to develop micro-enterprises and family entrepreneurship. As a result, at least 40-50 new entrepreneurs are appearing in each district today, thousands of permanent jobs are being created.
“But a favorable atmosphere in terms of targeted support for small businesses, creating the necessary conditions for them has not yet been fully formed,” the head of state says.
According to him, completely new approaches will be introduced so that small entrepreneurs can “stand on their feet” and expand their activities.
At the same time, an integral ecosystem will be created to train representatives of this area in entrepreneurship, design, finance activities, search for markets for their products and business partners.
For this, first of all, “Qishloq Qurilish Bank” will be transformed into “Biznesni Rivojlantirish Banki”. Both the functioning and the working methods and financing mechanisms of this new bank will be new.
In particular, 14 small business centers will be created under the Bank in each region. The centers assist entrepreneurs in the development of business projects, train entrepreneurs who want to make a new project at their own expense, attract the necessary specialists to new projects, provide accounting, tax, audit, marketing, legal and other consulting services for entrepreneurs.
Financing of projects of entrepreneurs studying in small business centers in the regions will be arranged on the most favorable terms.
At the same time, 10% of the small business project is invested by the entrepreneur, 45% - by "Biznesni Rivojlatirish Banki" itself, the remaining 45% - by the state-supported resource. Loans are issued to entrepreneurs on preferential terms for a period of 5-7 years. Credit lines for $150 million of these funds will be opened from 1 October.
Entrepreneurs who have managed to establish their business and have a clean “credit and tax history”, the requirement for collateral when obtaining a loan to bring their activities to a new level is reduced by 50%.
It is noted that in recent years, a lot of practical work has been done in the country to develop micro-enterprises and family entrepreneurship. As a result, at least 40-50 new entrepreneurs are appearing in each district today, thousands of permanent jobs are being created.
“But a favorable atmosphere in terms of targeted support for small businesses, creating the necessary conditions for them has not yet been fully formed,” the head of state says.
According to him, completely new approaches will be introduced so that small entrepreneurs can “stand on their feet” and expand their activities.
At the same time, an integral ecosystem will be created to train representatives of this area in entrepreneurship, design, finance activities, search for markets for their products and business partners.
For this, first of all, “Qishloq Qurilish Bank” will be transformed into “Biznesni Rivojlantirish Banki”. Both the functioning and the working methods and financing mechanisms of this new bank will be new.
In particular, 14 small business centers will be created under the Bank in each region. The centers assist entrepreneurs in the development of business projects, train entrepreneurs who want to make a new project at their own expense, attract the necessary specialists to new projects, provide accounting, tax, audit, marketing, legal and other consulting services for entrepreneurs.
Financing of projects of entrepreneurs studying in small business centers in the regions will be arranged on the most favorable terms.
At the same time, 10% of the small business project is invested by the entrepreneur, 45% - by "Biznesni Rivojlatirish Banki" itself, the remaining 45% - by the state-supported resource. Loans are issued to entrepreneurs on preferential terms for a period of 5-7 years. Credit lines for $150 million of these funds will be opened from 1 October.
Entrepreneurs who have managed to establish their business and have a clean “credit and tax history”, the requirement for collateral when obtaining a loan to bring their activities to a new level is reduced by 50%.
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