- 5
- 11.11.2023 13:54:00
- 2 min read
Presidential Decree "On measures to improve the system of financial support for small and medium-sized businesses" (PF-193, 10.11.2023) was adopted. According to the decree, the "Entrepreneurship Development Company" will be reorganized in the form of a joint-stock company. From March 1, 2024, the company will offer the following support measures to entrepreneurs: to production and service projects of medium-sized enterprises: 15% of the project cost, but 20% of the authorized capital or a share in the authorized capital of the initiator in the form of real estate objects, equipment and other forms of assets in an amount not exceeding 3 billion soums; 70 percent of real estate and equipment, but the purchase of property in the amount of no more than 10 billion soums and the annual interest calculation at a rate of 4 percentage points higher than the main rate of the Central Bank for the balance of debt for a period of up to seven years or providing services to the initiator on the basis of a mortgage with the condition of payment in installments; to the projects of small and medium-sized business entities: placement of financial resources in national and foreign currency to commercial banks, microfinance and leasing organizations for loan (leasing); providing guarantees for loans, leases, bank guarantees and letters of credit issued by commercial banks, microfinance and leasing organizations in national and foreign currency, with a total value not exceeding 5 billion soums; Provision of loan guarantee (portfolio guarantee) within the limit and total amount and conditions set on the basis of mediation agreements concluded with commercial banks on the use of company funds; In the period of 2024-2026, up to 40% of the base rate for loans in the national currency up to 5 billion soums at a rate that is 4 percentage points higher than the main rate of the Central Bank and not more than 1.75 times the main rate for a period of not more than three years providing compensation.
