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RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of June 16, 2020 No. PP-4752

About measures for support of service industry

(as amended of the Resolution of the President of the Republic of Uzbekistan of 03.08.2021 No. PP-5207)

For the purpose of ensuring the accelerated growth rates of service industry in the republic, further support of entrepreneurship and creation of new workplaces for the population in this direction:

1. Agree with the offer of the Ministry of Economic Development and reducing poverty, the Ministry of Finance, Central bank, and also Fund of reconstruction and developments of the Republic of Uzbekistan about allocation to commercial banks from Fund of reconstruction and development of credit line in equivalent of 100 million US dollars for development of service industry.

2. Determine that:

the credit line is allocated to commercial banks for a period of 7 years, including three-year grace period with interest rate for four percent points below the main rate of the Central bank of the Republic of Uzbekistan;

commercial banks allocate the credits to subjects of entrepreneurship in services industry (except for subjects of entrepreneurship in the sphere of trade and finance) for creation and equipment of the companies in particular conducting activities in the sphere of consumer services, education, medicine, information communications and other demanded spheres for the main rate of the Central bank at the rate to 1 billion sum;

at least 20 percent of the means of credit line provided in this resolution are allocated to women and young entrepreneurs;

for 67 types of activity (works, services) in which self-employed persons according to the resolution of the President of the Republic of Uzbekistan of June 8, 2020 No. PP-4742 "About measures for simplification of state regulation of business activity and self-employment" can be engaged the credits within the Each Family — the Entrepreneur program are allocated.

2-1. Remaining balance of the part refinanced in JSB Turonbank as credit resource, funds distributed on commercial banks according to this resolution as of August 1, 2021 to direct to increase in share of Fund of reconstruction and development of Uzbekistan in the authorized capital of bank.

3. To provide to Central Bank of the Republic of Uzbekistan together with commercial banks system monitoring and control of target use and return of the funds allocated by Fund of reconstruction and development.

4. To impose control of execution of this resolution on the deputy prime minister of the Republic of Uzbekistan D. A. Kuchkarov.

President of the Republic of Uzbekistan

Sh. Mirziyoev

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