Every year, 600 thousand young people enter the labor market, and by 2030, they will reach 1 million. It was noted that creating conditions for young people to find suitable jobs is the most important issue.
A survey was conducted among young people, and one-third of them expressed a desire to become entrepreneurs. Last year, $400 million was allocated to banks and the Youth Affairs Agency to ensure youth employment. In particular, through the "Youth Business" and "Step to the Future" programs, 15 thousand young people started their own businesses, providing jobs for 50 thousand people.
Our President announced that an additional $200 million will be allocated for youth entrepreneurship.
The loan amount for self-employed youth will be increased from 100 million to 300 million soums. It will be possible to allocate loans of up to 10 billion soums (currently up to 5 billion soums) for young entrepreneurs' projects. Permission will be granted to invest up to $100 thousand in innovative startup projects.
Convenient financing packages will be introduced for young people interested in acquiring a franchise from local brands that have created over 1,000 jobs in the service and public catering sectors and opening a branch.
