Uzbekistan to allocate preferential financing for rice producers

Rice producers in Uzbekistan will be provided with preferential loans. As reported by Podrobno.uz, additional measures to support rice producers are discussed in the presidential decree of August 15 this year. In particular, from September 1, 2024, preferential loans in the amount of up to 50% of the cost of the crop will be provided to finance the costs of growing and purchasing rice. The funds are provided at a rate of 14% for a period of one year. Also, in 2025-2026, 20% of the cost of new seed drills and seedling sowing equipment purchased for sowing rice, with a production period of no more than one year, will be covered by subsidies from the state budget. In addition, in the Khorezm region, rice producers will be allocated additional subsidies to cover the costs of fuel and lubricants for growing rice at a rate of up to 1 million soums per hectare, subject to laser ...