Aloqabank will become the cornerstone of a "youth bank."
The President of Uzbekistan, Shavkat Mirziyoyev, has signed a document to transform Aloqabank into a key "youth bank" aimed at supporting the business initiatives of young entrepreneurs. A budget of 200 million dollars has been allocated for the implementation of this program.
https://uzdaily.uz/ru/aloqabank-stanet-opornym-molodiozhnym-bankom/2025-02-15 08:47:39
In various regions of the country, "youth business incubators" will be established, where promising ideas will be transformed into startups. These projects will receive support for a duration ranging from 6 months to 3 years, advancing to the level of a ready business or production.
Additionally, through the Aloqa Venture fund, startups will be able to attract investments ranging from $50,000 to $1 million. Furthermore, young entrepreneurs will receive assistance in promoting their products and services in both domestic and international markets, as well as in finding business partners and securing additional investments.