STATE SUPPORT FOR SMALL AND MEDIUM BUSINESS DEVELOPMENT IN UZBEKISTAN: AN ANALYSIS OF PROGRAMS AND INITIATIVES FOR ENTREPRENEURSHIP PROMOTION

Ravshanova Sarvinoz

Authors

Ravshanova Sarvinoz Author

Abstract

This article examines the state support mechanisms for small and medium-sized enterprise (SME) development in Uzbekistan, analyzing the comprehensive programs and initiatives implemented to promote entrepreneurship. Since the launch of large-scale economic reforms in 2017, Uzbekistan has established a multifaceted framework encompassing legislative reforms, financial support instruments, tax incentives, digital transformation strategies, and international cooperation programs. The study evaluates key government policies, including the Uzbekistan 2030 Strategy, the SME Strategy 2025–2030, and major international partnership projects such as the World Bank’s FINGROW initiative and the ADB’s SME Development Program. Through an analysis of recent policy documents, statistical data, and institutional reports, the article identifies both achievements and persistent challenges in the SME ecosystem. Findings indicate that while SME contribution to GDP has grown to approximately 55%, and the number of enterprises has nearly doubled since 2017, significant barriers remain in access to finance, regulatory complexity, and regional disparities. The article concludes with policy recommendations aimed at strengthening the effectiveness of state support mechanisms and fostering a more inclusive entrepreneurial environment.

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