TASHKENT, Uzbekistan, November 29. Uzbekistan will implement 70 driver projects to fight poverty in the Bukhara region, Trend reports.
According to the Uzbek president's office, these projects, inspired by the experience of Sayhunobod, Uychi, Zarbdar, and Gijduvan districts, will create sustainable sources of income for 150,000 residents of the region.
Special attention will be paid to stimulating entrepreneurship and realization of initiatives of local businessmen. For example, in 2025 it is planned to create 411 small enterprises and utilize investments worth $150 million. Each district of the region will get its own production specialization: Peshku and Shafirkan will become centers of textile and construction production, while Gijduvan and Romitan will focus on the development of chemical industry.
A comprehensive approach will be applied to realize the set goals, including modernization of infrastructure, simplification of regulatory procedures, and support for start-ups.
Meanwhile, Uzbekistan provided loans worth 35 trillion soums ($2.7 billion) and subsidies worth 7 trillion soums ($551.8 million) for entrepreneurial projects to reduce poverty at the community level.
A whopping 120 trillion soums ($9.4 billion) have been earmarked to give local communities a leg up, along with a boost for kindergartens, schools, healthcare, and the nuts and bolts of roads, water, and electricity infrastructure.