Starting from September 1, 2024, the Fund for Reconstruction and Development through commercial banks of the republic opens a credit line in national currency in the amount of $ 50 million at an annual rate of 14% to provide working capital to tour operators who are residents and engaged in inbound tourism activities.

At the same time, a bank margin of no more than 3% of the annual interest rate is established, and credit funds are allocated to tour operators for a period of 10 years with a two-year grace period (for interest and principal debt).

Loans to tour operators are provided directly through commercial banks.

Loans are allocated in the amount of up to 25 billion soums per business entity for the formation of working capital. The conditions for granting a targeted loan are the implementation of the tour operator's activities for more than 1 year and the possibility of attracting own funds in the amount of at least 15% (including in the form of buildings and structures).

In order to ensure the effective and targeted use of allocated loans, tour operators undertake obligations to increase:

· the number of foreign tourists served by at least 25%;

· income from tourist services by at least 25%.

It is not allowed to spend the allocated loans on:

· repayment of previously received loans or other debts;

· production of alcoholic and tobacco products;

· purchase of personal property (furniture, mobile phone, household appliances, etc.) not used for production (office) purposes;

· purchase of motor vehicles (the cost of which is up to 40% of the loan amount, except for the purchase of passenger cars with a capacity of 8 or more people);

· covering administrative expenses, including parking of official cars;

· acquisition and construction of buildings and structures.

The document was published in the National Database of Legislation in the state language and entered into force on 30.09.2024, Norma reports.