Information on credit line for “Development of fruits and vegetables production in the Republic of Uzbekistan” project with participation of the World Bank, JSCB Turon Bank
No. |
Questions |
Conditions |
1. |
Purpose of directing credit line funds |
Financing a wide range of activities related to agriculture: Financing agricultural production (production capacity), greenhouses, Investments in agricultural machinery and equipment for food processing, Investment in storage, packaging, in provision of agricultural services, Cultivation of crops. |
2. |
Minimum and maximum amount for each financed loan |
On investment capital or on leasing financing – does not exceed 2 million USD; For working capital of up to 0.2 million USD (or their equivalent in UZS). |
3. |
Loan term |
On investment capital or on leasing financing – 10 years; For working capital – 1.5 years |
4. |
Annual interest rate on the loan |
In foreign currency – 3%+bank margin in national currency – 4.5%+bank margin |
5. |
Grace period |
On investment capital or on leasing financing – up to 36 months; For working capital – up to 9 months |
6. |
Bank commission |
Not provided |
7. |
Borrower’s share in project financing |
20% |
8. |
List of countries from which equipment is purchased through a loan |
No restrictions |
9. |
Others |
Eligible regions include eight regions of the country: the Republic of Karakalpakstan and Andijan, Jizzakh, Khorezm, Namangan, Kashkadarya, Samarkand, Tashkent, Fergana regions |
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