Trusted clients of the bank assigned to the region will have access to a 300 billion UZS credit line at a nominal 16% annual rate, with interest subsidies reducing the effective rate to 12%.
The Entrepreneurship Development Company will subsidize up to 4% of interest payments. The lending rate under the family business program for Karakalpakstan is also being cut from 17.5% to 12%. Eight other banks operating in the region must roll out similar offers within a month.
In 2027, $100 million is slated for growth-driver projects to provide income for at least 50,000 local residents. District administrations have been allocated an additional 100 billion UZS to stimulate economic growth and employment.
