(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, April 12. Uzbekistan willallocate 1.5 trillion soums ($118.2 million) for cultivation,storage, sorting, processing, and export of high-yielding andexport-oriented agricultural products by the end of the year,Trend reports.
This was reflected in a decree signed by President of UzbekistanShavkat Mirziyoyev on support measures for farmers, producers, andexporters of agricultural products.
Moreover, revolving loans of up to 1.5 billion soums ($118,226)will be allocated to exporters from these funds at a rate 4 percentabove the main rate of the Central Bank of Uzbekistan. Therepayment period will be up to three years, with a six-month graceperiod.
Credit resources will be provided through the small businesssupport program.
Meanwhile, Uzbekistan will support entrepreneurs in developingbusiness plans.
People with craft talents will receive assistance in obtainingsupplies, equipment, and working capital.
Employees from local regions and all economic departments willparticipate in the work in the local mahallas. They will examinehousehold potential and, for example, develop a strategy foreffectively using homestead plots to enhance revenue by 60–70million soums ($4,768–5,622).
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