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Finance 17/05/2023 A loan for family business is provided at a rate of 14 percent
A loan for family business is provided at a rate of 14 percent

Tashkent, Uzbekistan (UzDaily.com) -- Within the framework of family business development programs, concessional loans at a rate of 14 percent per annum are allocated to:

- for the population and business entities to engage in family business, certain labor activities aimed at generating income and expanding activities - for a period of up to 3 years, including a grace period of 3 to 6 months;

- for animal husbandry, fish farming, rabbit breeding, beekeeping, turkey and poultry farming, production of biohumus, construction of "field stores", as well as installation of mobile refrigerators - for a period of 3 years, including a grace period of up to 1 year;

- for the organization of horticulture, viticulture and lemon growing, the construction of greenhouses, the purchase of agricultural machinery and equipment, the drilling of artesian wells - for up to 7 years, including a grace period of up to 3 years;

- for the organization and repair of family guest houses, hostels, yurt camp complexes, car campings, eco-house complexes, container towns and camping camps - for a period of up to 5 years with a grace period of up to 1 year;

- members of the Hunarmand Association - for the purchase of equipment, spare parts and raw materials - for a period of up to 3 years and for replenishment of working capital - for a period of up to 18 months.

These loans are allocated through Agrobank, Khalq bank and Microcreditbank.

 

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