A business forum ‘Entrepreneurship as Backbone of Robust Family’ took
place in Navoi.
The event brought together officials
of local banks and more than 400 representatives of business entities.
The participants reviewed the regional program the Year of Small
Business and Private Entrepreneurship, which had a tangible impact on business
development in the region. Regional branches of commercial banks notably contributed
to the progress through increasing the loaning to small business entities 1.6
times. As a result, the share of small business and entrepreneurship in the
gross domestic product and exports significantly increased. The program of
economic development for the current year lays a special emphasis on expansion
of the family business.
Besides, commercial banks will continue issuing concessional loans this
year to motivate young families and graduates of professional colleges for
making business, and provide mortgage and consumer credits to all those who
want to improve their living conditions. Construction of standard design housing
is to expand in rural areas; women's business initiatives will be actively
supported. In general, it is planned to provide small and private businesses structures
with loans amounting to 192 billion soums.