• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12410.99
    • RUB158.38
    • EUR14237.89
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +30°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Business

    Uzbekistan President unveils launch of 'Biznesni Rivojlantirish Banki' to empower small businesses

    Uzbekistan President unveils launch of 'Biznesni Rivojlantirish Banki' to empower small businesses

    On September 4, by presidential decree, Uzbekistan established the "Biznesni Rivojlantirish Banki," which replaces the former joint-stock commercial bank "Qishloq Qurilish Bank." 

    "We will turn the Qishloq Qurilish Bank into a business development bank"
    Photo: This comes following an August 18 meeting the president had with entrepreneurs. 
    Source: Daryo
    "We will turn the Qishloq Qurilish Bank into a business development bank" stated President Mirziyoyev.

    The bank's primary mission is to finance small business projects and offer comprehensive services, as outlined in the President's 2023 dialogue with entrepreneurs. 

    Key initiatives of the Biznesni Rivojlantirish Banki include:

    - The "Small Business Development Fund," which will fund promising small business ventures through international and private investment.
    - Fourteen small business assistance centers across the Republic of Karakalpakstan, various regions, and the city of Tashkent, responsible for assisting in the development, financing, and launching of small business projects and providing consulting services.

    Qishloq Qurilish Bank turned into The Business Development Bank
    Photo: the "Biznesni Rivojlantirish Banki," which replaces the former joint-stock commercial bank "Qishloq Qurilish Bank." 
    Source: Qishloq Qurilish Bank

    The bank, in collaboration with authorized financial institutions, will offer loans with favorable terms for up to seven years for small business projects. 

    For businesses with a good credit and tax history, collateral requirements will be reduced by 50% if they seek loans for expansion and are assisted by small business assistance centers. 

    President Shavkat Mirziyoyev highlighted that the bank will introduce new approaches to help small entrepreneurs grow and succeed.

    The Ministry of Justice of Uzbekistan announced on September 5 that tax reforms that were discussed at the August 18 meeting with the president will be implemented effective immediately. 

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    05.09.2023, 11:28   Comments (0)   2593
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Media: Extensive government reforms make Uzbekistan increasingly attractive

    16.05.2023, 14:51

    Uzbekistan capital market reforms, IPO and privatization in focus: an exclusive interview with Bekhruzbek Ochilov

    15.08.2023, 12:07

    Fitch Ratings affirms Uzbekistan's credit rating amid structural reforms

    28.08.2023, 22:32

    President Mirziyoyev overhauls tax system: abolishes tax gap, VAT suspension and reduces tax liability period 

    05.09.2023, 21:57

    India considers lowering import taxes for EVs in response to Tesla's proposal

    25.08.2023, 22:34

    ADB: Uzbekistan's tech startup domain expands, but needs more investment

    25.08.2023, 22:01
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?


    Beeline Uzbekistan started 2025 with a significant network modernization


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024

     

    Recommended

    Iran as the pressure point: How Washington’s campaign against Tehran seeks to undercut China and Russia - and why Central Asia risks the fallout

    19 June, 12:24

    "Visa simplification with Uzbekistan could be on the table," EU Ambassador Klaar points out

    11 June, 12:12

    “Uzbekistan is undergoing large-scale reforms and transformation,” says EU business leader at TIIF

    11 June, 08:34

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    3 June, 12:34
     
     
     

    Latest news

    Komil Allamjonov designated as independent advisor to Uzbekistan’s Presidential Administration head Saida Mirziyoyeva

    Uzbekistan | 23 June, 22:58

    Saida Mirziyoyeva appointed head of Uzbekistan’s presidential administration

    Uzbekistan | 23 June, 22:45

    Uzbekistan, Mongolia ink agreements for joint wool and leather projects ahead of presidential visit

    Uzbekistan | 23 June, 16:02

    Uzbekistan tops Central Asia in FDI for first time in 30 years with $2.8bn inflow

    Uzbekistan | 23 June, 15:00

    Kyrgyzstan, UNDP partner to strengthen national systems for green and climate finance

    Kyrgyzstan | 23 June, 14:02

    China and Kazakhstan sign deal to expand rail freight to Europe via Central Asia

    Central Asia | 23 June, 12:43

    China Eximbank extends $500mn loan to Uzbekistan to develop telecommunications infrastructure

    Uzbekistan | 23 June, 11:30

    Uzbekistan, Azerbaijan agree on several new initiatives to boost trade and investment ties

    Uzbekistan | 23 June, 10:38
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.