According to the President's Decree, the following measures will be implemented in the Republic of Karakalpakstan:
Simplify the process of allocating microcredits to legal entities online and expedite their approval mechanisms by July 1, 2025;
Within the framework of the comprehensive program to continuously support small business, provide credits to small and medium-sized business entities that employ unemployed citizens listed in the Social Protection Unified Registry, granting an additional 10 million UZS for each job created for these citizens, and up to 100 million UZS for entities that create 10 or more such jobs, at an annual interest rate of 14% for a period of up to 3 years to replenish working capital;
Within the framework of the program to transform fast-growing entrepreneurs into “champion” entrepreneurs, a list of organizations that will be turned into “champion” entrepreneurs will be formed, including entrepreneurs who meet the following criteria:
- at the district (city) level – in each district (city), at least 2 entrepreneurial entities with an annual turnover of more than 10 billion UZS and having created more than 50 jobs;
- in the Republic of Karakalpakstan, regions, and the city of Tashkent – in each territory, at least 5 entrepreneurial entities with an annual turnover of more than 100 billion UZS and having created more than 500 jobs;
- on a republic level – entrepreneurial entities with an annual turnover of more than 1 trillion UZS and having created more than 5,000 jobs.
