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Home / Business and Innovation / Over 4.2m families to receive loans to develop lem...

Over 4.2m families to receive loans to develop lemon, poultry production

Over 4.28 million families in Uzbekistan will receive loans to development of lemon and poultry production.

The draft resolution of the Government of Uzbekistan “On additional measures on development of private subsidiary and dekhkan farms” was published for discussion at the Single interactive state services portal.

The document proposes to adapt the programme of additional production of poultry and citrus (lemon) products at private subsidiary and dekhkan farms in 2017-2019.

Within the programme, it is planned to provide assistance to development of production of poultry and lemon.

During three years, it is planned to plant over 10,000 lemon trees and purchase 85,000 heads of birds, the programme said.

The document said that the commercial banks will provide loans to organization of greenhouses and poultry farms.

The loans for greenhouses will be provided for five years with three year or preferential period. The loan for poultry will be issued for three years. The interest rate will not exceed the refinancing rate of Central Bank of Uzbekistan.

According to the document, the risks of banks will be insured by insurance companies.
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