UzLiDeP, banks support young entrepreneurs
14/05/2015 15:33
UzLiDeP, banks support young entrepreneurs
14/05/2015 15:33
Tashkent, Uzbekistan (UzDaily.com) -- Movement of Entrepreneurs and Businessmen – Liberal-Democratic Party of Uzbekistan and Central Bank of Uzbekistan hold a seminar “Role of banking and financial organizations and political parties in creation of jobs for youth” at Tashkent State Economy University on 14 May 2015.
Representatives of UzLiDeP, MPs, Central Bank, commercial banks, young businesses, students and teachers of the university attended the event.
At the seminar, the participants considered issues of providing jobs to young people via development of small and private businesses, as well as service sector.
The participants also considered activities of the banking-financial institutions in assisting to development of small and private entrepreneurship, financing business-projects by banks, issuing of credits.
In 2010-2014, the commercial banks issued 423.2 billion soums to finance projects of the professional colleges. In 2014, the bank directed 200.9 billion soums in this direction.
The banks increased crediting of the projects of college graduates by 80% in the first quarter of 2015 to 48.2 billion soums.
UzLiDeP and leading commercial banks realize several projects directed at developing young entrepreneurship in Uzbekistan, improving their knowledge and skills in entrepreneurship, realization of their business plans, etc.
In particular, the project “With diploma to business” has been implemented since 2010. The project is directed at improving business skills of graduates of colleges, attracting youth to business activities.
In 2010-2014, 9,000 graduates of colleges and universities participated in the project and helped to improve their skills. About 4,000 of them received soft loans for 17 billion soums and are conducting business activities. They created over 10,000 new jobs. Last year, the graduates of colleges and universities got 6 billion soums of loans.
Representatives of the Central Bank and commercial banks handed over materials on conditions and terms of issuing loans to start their businesses.
The event presented an exhibition of the products and goods of young businesspersons.
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