During an extraordinary session of the Tashkent city council of people’s deputies, it was proposed to introduce a system of reducing interest rates on loans.

According to the new system, banks will reduce the interest rate on loans issued to entrepreneurs after they create jobs.

At the request of entrepreneurs, assistant governors will train unemployed citizens.

The president noted that 12 districts of the capital are interconnected and do not have an economic border, so a different approach is needed to create conditions for entrepreneurs and increase the income of the population.

Thus, the importance of bank branches was noted not only for servicing customer accounts, but also for being a bridge connecting their large customers and mahallas.

“For example, there are many clients who are willing to receive loans for business expansion and working capital, as well as for job creation. It makes sense for banks to work with such clients and help them grow,” the president said.