Grants worth 50 million UZS for young entrepreneurs

According to the Presidential Decree, from May 1, a grant of 50 million UZS, a total of 10 billion UZS, will be allocated to support the initiatives of young entrepreneurs in the field of tourism. The funds will be provided to Uzbekistan for three years on the condition of organizing a tour for at least 200 foreign tourists. The Ministry of Finance will transfer an additional 2.5 billion UZS a month to the Fund for Tourism and Sports Support for 11 months.

In compliance with the document, each entrepreneur will receive grants in the amount of 50 million UZS for the following purposes:

Creating a modern website that accepts online payments, participate in tourism exhibitions and fairs abroad;

At least 200 foreign tourists visit Uzbekistan from abroad within three years.

In addition, the Minister of Finance Timur Ishmetov designated to ensure transfers worth 2.5 billion (total 27.5 billion) UZS to the Fun for Tourism and Sports Support between February 1, 2022 and January 1, 2023.