Approved by the Central bank of the Republic of Uzbekistan on March 4, 2000, No. 465

Procedure for crediting of farms by commercial banks, and also subjects of small business in national currency

1. General provisions

1.1 This Procedure is developed according to the Civil code, the Laws of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan", "About banks and banking activity", and also and is directed by protocol N 1 of cabinet meeting of the Republic of Uzbekistan of February 11, 2000 to creation of conditions for development of farms and other subjects of small business.

1.2 This Procedure regulates procedure for issue of the credits by commercial banks to farms and other subjects of small business, and also to Dehkan farms with formation of legal entity. Issuance of credits is performed by commercial banks on the terms of recoverability, the paid nature, security, urgency and target use.

Action of this Procedure does not extend to microcredit of subjects of small business by banks, farmer and Dehkan farms and individual entrepreneurs.

1.3 According to the Presidential decree of the Republic of Uzbekistan of August 30, 2003 N UP-3305, the Laws of the Republic of Uzbekistan "About Dehkan economy" and "About farm", act as subjects of crediting (further in the text - borrowers):

The microfirm is the company with annual average number of the workers occupied in production industries - no more than 20 people, in the field of services and other non-productive industries, - no more than 10 people, in wholesale, retail trade and public catering, - no more than 5 people.

The small enterprise is the company, with annual average number of the workers occupied in industries:

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