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PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of July 22, 2024 No. UP-103

About measures for improvement of financial and economic condition of the companies in the field of cotton growing

(as amended of the Presidential decree of the Republic of Uzbekistan of 17.01.2025 No. UP-7)

For the purpose of ensuring financial stability of cotton and textile clusters and continuity of deep conversion of cotton raw, and also strengthening of discipline of settlement in the field of:

1. Determine the following measures directed to financial improvement of cotton and textile clusters (further - clusters):

to the clusters which completely returned the soft credits allocated by commercial banks on expenses for cultivation of cotton raw of harvest of 2023 at the expense of credit resources of Fund of the state support of agricultural industry under the Ministry of Economics and finance (further - Fund), at the same time extended repayment period of remaining balance of soft credits till April 1, 2025, but completely returned them till December 1, 2024, interest payments on this credit (in addition to margin of bank) return at the expense of Fund till March 1, 2025;

terms of return of remaining balance of the soft credits allocated to clusters for cultivation of cotton raw of 2023 according to the credit resources of Fund allocated to commercial banks are prolonged till April 1, 2025 based on the positive conclusion of commercial banks.

2. To the chairman of the board of Ministers of the Republic of Karakalpakstan, to hokima of areas and the Minister of Agriculture to specify that:

during creation of clusters and fixing of lands of agricultural purpose behind them are not considered experience in the field of cotton growing, the material and financial potential of applicants;

the delay, irresponsibility and rejection of adequate measures in work with clusters, constantly inobservant the agreement obligations, concluded within activities of cluster, regularly not returning credit debts to the commercial banks that led to their high credit loading without the financial potential which did not perfrom still complete calculations with farmers for raw cotton of 2023 are allowed;

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