Stable Food Supply for the Population to Be Ensured

Tashkent, Uzbekistan (UzDaily.com) — The President of the Republic of Uzbekistan has adopted a resolution titled “On Additional Measures to Ensure the Sustainable Supply of Food Products to the Population.”

According to the document, commercial banks are instructed to provide concessional loans for a period of 12 months at an annual interest rate of 12 percent, covering up to 50 percent of the crop value, in order to finance expenses related to the cultivation of food and oilseed crops.

From 1 November 2025 to 31 December 2030, the Joint-Stock Company “Entrepreneurship Development Company” will reimburse entrepreneurs for interest expenses on loans from the Compensation Fund for Loan Interest Expenses, in accordance with the established areas and conditions.

In particular, compensation will be provided for:

• the portion of the interest rate on loans in the national currency that exceeds the Central Bank’s base rate by more than 4 percentage points, but by no more than 10 points, provided that the total rate does not exceed twice the base rate;
• the portion of the interest rate on loans in foreign currency that exceeds 8 percent, but by no more than 4 percentage points.

Starting from 1 January 2026, entities engaged in the cultivation of food and oilseed crops will be reimbursed from the State Budget for 50 percent of electricity costs consumed by pumping units used for irrigation of agricultural lands.