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Uzbekistan’s government allocates $1.7 billion for small business development

Starting from October 1, Uzbekistan will launch a comprehensive program for continuous support of small businesses. Within the next three years, the state will provide entrepreneurs with approximately $1.7 billion in preferential loans. These funds can be spent on organizing production, expanding business, replenishing working capital, or leasing necessary equipment and tools.

Another option for supporting small businesses will be financing scientific research. In this regard, the state will allocate up to 2 billion soums ($164 million) in grant funds for the commercialization of innovations or high-tech startups.

Participants in the comprehensive program will be provided with consultations on a wide range of issues, including obtaining licenses and certificates, customs and tax administration, export-import operations, public procurement, and more.

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