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Economy 09/02/2021 Entrepreneurs to receive loans in the leather and footwear and fur and fur industries
Entrepreneurs to receive loans in the leather and footwear and fur and fur industries

Tashkent, Uzbekistan (UzDaily.com) -- A resolution of the President "On additional measures for the further development of the leather and footwear and fur and fur industries" was adopted.

According to the resolution, for the implementation by the Fund for Reconstruction and Development of the Republic of Uzbekistan projects for the production of finished products from leather, leather goods, as well as products from fur and wool with high added value in 2021-2022 in commercial banks, the state share in the authorized capital (capital) of which is 50 and more percent, credit lines for the total amount of 50 million US dollars will be opened.

Credit lines are opened in the respective commercial banks for up to 7 years, including a three-year grace period with an interest rate of 4 percent per annum.

Loans are allocated to business entities for the purchase of modern new equipment and technologies for up to 7 years, including a two-year grace period with an interest rate of 6 percent per annum.

The resolution approved a list of raw materials, materials and accessories (71 items), when imported into the territory of the Republic of Uzbekistan by 1 January 2023, a zero rate of customs duty is applied.

Also, as an experiment, on the segment from the border checkpoints "Oybek-Avtoyul" (Tashkent region) and "Sariosiyo-Avtoyul" (Surkhandarya region) to the border of the neighboring state, retail outlets will be created specialized in the sale of domestic finished products.

In addition, in the regions of the republic and in foreign countries, Multibrand stores specialized in the trade of leather products will be organized, as well as their electronic trading platform.

 

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