of September 7, 2024 No. PP-312
About measures for enhancement of the Comprehensive program of continuous support of small business
For the purpose of providing continuity and stability of financial support of small business, expansion of access to banking and microfinancial services:
1. Within the Comprehensive program of continuous support of small business (further - the Program) to implement the mechanisms providing in practice:
allocation of the microcredits within one project at the rate to 300 million sum, including unsecured part in the amount of 100 million sum at the expense of means of "The Company on Development of Entrepreneurship" Joint-stock company (further - the Company), parts to 200 million sum - at the expense of own means of banks and microfinancial institutions (further - microloan providers);
distribution of credit risks between the state and microloan providers or provisions of the portfolio guarantee of the Company on the microcredits within 100 million sum allocated on unsecured basis;
transition to system of refinancing of the unsecured microcredits at the rate to 100 million sum allocated with microloan providers at the expense of their own means.
2. Determine that within the Program the unsecured microcredits to 100 million sum:
a) are allocated with all microloan providers to the small business entities which are performing activities within at least one year and having positive credit history. At the same time in case of selection of small business entities establishment of other requirements and criteria is not allowed;
b) since November 1, 2024 are refinanced by the Company to microloan providers at the following rates proceeding from category of the territories in which are registered and small business entities, in particular carried to perform activities:
The 5th category - 12,5 of percent;
The 4th category - 13,5 of percent;
3rd category - 14,5 of percent;
The 2nd category - 17,0 of percent;
The 1st category - 18,0 of percent;
c) Are not refinanced by the company and the portfolio guarantee on them is not provided in case of exceeding of annual rate of 24 percent or their allocation on replenishment of current assets on the projects connected with trade and activities in the field of public catering, realized in areas (cities) referred to 1 - 3 categories.
3. Within the Program takes root the procedure for allocation and providing with resource means of the microcredits according to which:
The Ministry of Economics and finance places in the Company:
a) originally allocated 3 trillion sum:
for refinancing of the microcredits - at the percent 11,5 rate for a period of 7 years, including grace period 3 years;
for refinancing of the microcredits allocated to the subjects of small and medium business who provided employment to the jobless citizens included in the Register of poor families in the Republic of Karakalpakstan, for replenishment of current assets in addition at the rate to 10 million sum on each workplace created for these citizens, but in the amount of, not exceeding 100 million sum, - at the rate of 9 percent for a period of up to 3 years;
b) in subsequent funds at the rate for two percent points are lower than the main rate of the Central bank for the term of 7 years, including grace period 3 years;
c) the microcredits within 100 million sum allocated with microloan providers for a period of up to 7 years are refinanced by the Company within 10 (ten) working days;
d) company funds are allocated in priority procedure for refinancing of the microcredits allocated to the small business entities registered and performing activities in areas (cities) carried to 3 - the 5th to categories;
e) on the microcredits refinanced by the Company or on which the portfolio guarantee is provided compensation provided by the Presidential decree of the Republic of Uzbekistan of November 10, 2023 No. UP-193, is not provided
.4. Establish procedure according to which since November 1, 2024:
a) the system of distribution of the credit risks arising when refinancing the microcredits between the Company and microloan providers, proceeding from category of areas (cities) takes root.
At the same time the corresponding part of resource company funds placed in microloan providers is accepted as the mortgage deposit in the following sizes:
80 percent - on the microcredits allocated to the small business entities registered and performing activities in areas (cities) referred to the 5th category;
60 percent - on the microcredits allocated to the small business entities registered and performing activities in areas (cities) referred to the 4th category;
40 percent - on the microcredits allocated to the small business entities registered and performing activities in areas (cities) referred to 3rd category;
20 percent - on the microcredits allocated to the small business entities registered and performing activities in areas (cities) referred to 1-2 categories;
b) on the unsecured microcredits within 100 million sum allocated with microloan providers and which are not refinanced at the expense of resources of the Company the portfolio guarantee of the Company is provided.
At the same time the obligation of payment for the guarantee is fulfilled after 90 days from the date of delay of debt on mirkocredit;
c) the means received by the Company for refinancing of the microcredits return to the Ministry of Economics and finance in process of their repayment. At the same time obligations of the Company to the Ministry of Economics and finance on the means which are not returned to the Company by microloan providers as a result of non-execution of obligations on repayment of the microcredits are cancelled;
d) availability of the certificate on the termination of practical training courses for access to tools of financial support within the Program is not required.
5. To the Ministry of Economics and finance to take measures for permanent providing the Company with the financial resources necessary for continuous refinancing of microloan providers, in particular in a month to provide assignment in the amount of 3 trillion sum.
6. Assign the following tasks to the Company:
establishment of requirements to conditions of the microcredits refinanced or on which the guarantee, to receivers of the microcredits and criteria of compliance concerning banks and microfinancial institutions allocating the microcredits is provided;
attraction of financial resources from the republican budget and other sources and their direction on refinancing on the basis of mutual distribution of risks on the microcredits allocated to small business entities;
provision of the portfolio guarantee on the microcredits to the small business entities allocated with microloan providers at the expense of their own means.
7. To the supervisory board of the Company (D. Kuchkarov):
a) till January 1, 2025 to take measures on:
to simplification of procedures and reducing the terms connected with obligation fulfillment according to the guarantee before banks;
to implementation of the differentiated fee according to the guarantee proceeding from credit history and financial condition of subjects of entrepreneurship;
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system
If you cannot find the required document, or you do not know where to begin, go to Help section.
In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.
You also may open the section Frequently asked questions. This section provides answers to questions set by users.