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PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of June 9, 2022 No. UP-150

About additional measures for further enhancement of activities of the State fund of support of business activity

In recent years priority significance is attached to the state support of subjects of entrepreneurship. The state fund of support of business activity for the Ministry of Economic Development and reducing poverty provides financial aid to over 46 thousand projects of subjects of entrepreneurship in the amount of more than 15 trillion sum.

For the purpose of enhancement of system of attraction of the population to entrepreneurship and consecutive continuation of the performed reforms on development of entrepreneurship:

1. Determine the main activities of the State fund of support of business activity (further - Fund) in the direction of support of small business entities:

continuation of actions for improvement of entrepreneurial and business environment on places by financial support of subjects of entrepreneurship;

rendering assistance in increase in export volume of the republic by support of the subjects of entrepreneurship who are engaged in export;

active participation in implementation of the state, industry and regional programs giving opportunity of creation of new workplaces by development of entrepreneurship;

program implementation, aimed at the development of small business in the country, including financial support of development of the spheres which are key drivers of economic growth and creation of new workplaces in regions;

financial support of the directions, highly effective from the social and economic point of view, including projects of creation of information systems and programs, by means of the credits of commercial banks.

2. Determine that since July 1, 2022:

a) The fund provides compensation for a period of up to three years for covering of the part of the interest rate which is exceeding the main rate, but not exceeding 30 percent of the main rate, the credit and leasing allocated by commercial banks in national currency for projects of small business entities which total cost does not exceed 5 billion sum interest rate - does not exceed 1, the 5-fold size of the main rate of the Central bank.

At the same time compensation is provided for the first two years of the credit (leasing) by the principle "2+1", in case of full implementation by entrepreneurs of indicators of production (rendering services) and creation of the workplaces provided by the business plan, the term of provision of compensation is prolonged in addition for one year;

b) The fund provides the guarantee on the credits of commercial banks:

at the rate to (inclusive) 50 percent of the credits allocated to projects of small business entities which total amount does not exceed 2,5 of one billion sum;

till January 1, 2025 at the rate to (inclusive) 75 percent of the credits allocated to the leading small business entities fixed for makhallyam for rendering development assistance of small business and family entrepreneurship on the basis of cooperation in the remote and hard to reach areas and areas there is a lot of manpower listed in appendix No. 1 to this Decree, besides, on projects of development of home work which total amount does not exceed 2,5 of one billion sum;

c) compensations and guarantees of Fund are provided to small business entities for the credits and leasing of commercial banks only in national currency;

d) the financial aid provided by subitems "an" and "b" of this Item is applied only to one project of one entrepreneur, in case of complete debt repayment on the credit to which the agreement extends, the entrepreneur has the right to address repeatedly to Fund behind receipt of financial aid.

3. To the Ministry of Economic Development and reducings poverty together with commercial banks to take measures for the termination since October 1, 2024 of compensation payments in case of incomplete accomplishment of indicators of creation of workplaces and turnover of products (services) specified in the business plan of the credits (leasing) allocated by way of rendering the compensation help to the period till July 1, 2022.

4. Determine that compensations and guarantees on the credits and lysinedin of commercial banks are provided to small business entities taking into account the available financial resources and risks of Fund, except for the credits providing:

production of alcoholic and tobacco products and (or) organization of their wholesale trading activity;

the organization and implementation of activities of outlets (except for preexport financing), Items of public catering, fuel and charging stations for cars;

acquisition and repair of the automobile and being in operation cargo vehicles (except for the cargo vehicles imported from abroad);

acquisition of buildings and constructions;

forming of current assets (except for preexport financing);

repayment of earlier obtained credits, leasing or any other debt;

forming of resource base of non-bank credit organizations, leasing and insurance companies.

5. Approve:

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