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Get a loan through and set up your business

As you know, since June this year the Ministry of Investment and Foreign Trade of the Republic of Uzbekistan launched a state media project "Fursat".

The initiative is aimed to increase efficiency of the use of economic potential of regions, stimulate innovations in production and increase of youth employment both by attracting them to entrepreneurship and creating new jobs. The project is designed for young boys and girls from 18 to 30 years old who have an idea for their own business, but have no experience and start-up capital for its launch.

If young people who want to take part in the project have an idea to set up their own business or a ready-made business plan, they can apply on the website or in the telegram bot @fursatloyiha_bot. After reviewing and approving the application, project authors will be able to get a soft loan of up to $100,000 for seven years.

Besides, young entrepreneurs can be allocated up to 1000 square meters of land for production on the territory of the MMPP in your region.

Young people who do not have a business plan are given all the support they need to develop a new project by experienced specialists from the Project Factory business incubators.

Currently, the following 10 commercial banks with state capital provide loans for young entrepreneurs:
1. "Uzmillibank";
2. "Uzsanoatqurilishbank";
3. "Asakabank";
4. "Qishloqqurilishbank"; 
5. "Agrobank";
6. "Turonbank";
7. "Ipoteka Bank";
8. "Mikrokreditbank";
9. "Xalq Bank";
10. "Aloqabank".


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