BAKU, Azerbaijan, June 17
By Ilkin Seyfaddini - Trend:
Government of Uzbekistan has allocated additional funds for the implementation of projects in the service sector, Trend reports citing the press service of the president.
A working meeting on the development of services and domestic tourism in the country was held under the chairmanship of President of Uzbekistan Shavkat Mirziyoyev via a video conference on June 16. It was announced that the head of state signed a resolution on provision of more than $100 million of credit resources from Uzbekistan's Reconstruction and Development Fund for projects in the sphere of services.
These funds will be allocated through both public and private banks with the rate not exceeding 15 percent, the report said.
The Central Bank has been instructed to allocate 300 billion soum ($29.5 million) of credit resources for self-employed persons within the framework of family entrepreneurship programs, and the Ministry of Finance - to introduce a system of subsidies for unemployed citizens starting business activities to cover their costs associated with the rental of buildings and structures for three months.
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