OREANDA-NEWS. July 29, 2011. A banking forum on the use of microfinance services in the creation of new jobs by developing the family business took place in Sirdaryo region.

Professionals discussed the expansion of information among the population about the benefits and preferences provided to small business and private entrepreneurship, graduates of the colleges in opening their own business. Participants noted the importance of a special fund created for soft lending of commercial banks, whose funds are allocated mainly to finance high-tech and innovative projects of small businesses and private entrepreneurship, and family-size farms located in remote and inaccessible areas, as well as in regions and cities with excess manpower.

In Sirdaryo, this year banks plan to provide 91.9 billion soums of loans to entrepreneurs, including 22.2 billion soums of micro-loans. In particular, banks earmarked 13.5 billion soums for projects related to the processing of food, including meat and dairy products, while service sector development projects are to receive 9.4 billion soums, college graduates are to get more than 1 billion soums to realize their business plans and family business and craftsmanship projects will receive 436 million soums.

In addition, the forum had addressed business projects of low-income but enthusiastic people in terms of business, especially women and college graduates. After the examination, 50 projects received certificates of commercial banks for preferential micro credits. According to participants, the forum showed once again that the country had created a favorable climate for small businesses and entrepreneurship.

This is an important condition for creating new jobs and sources of stable income. Credit and financial system plays an important role in the development of these processes, stimulating people to start new businesses.