Monday, 19 December 2016

Over 120,000 small businesses in Uzbekistan, including more than 4,500 farms, were established and are headed by women

Today, millions of modern women work all over the world, setting a goal to contribute to the well-being of their families, and ensure their stability. According to statistics, the majority of the world's major businesses are represented by women.

Year by year, women in Uzbekistan have been increasingly manifesting themselves in different fields of activity. In many ways, the progress has been facilitated by a strong legal framework that aims at ensuring the full-fledged involvement of the female part of the population in the socio-political, socio-economic and cultural life of the country, and enhancement of the role and status of the weaker gender in society. There are programs to promote women's employment, improve their working conditions and education, especially in rural areas, and engage them in business activities.

Public organizations, state authorities, ministries and agencies, banking institutions have teamed up to achieve the goals. In the first nine months of the current year, commercial banks allocated more than 1.3 trillion soums (currency rates of CB RU from 14.12.2016, 1$= 3203.70 soums) of loans to better involve women in business and support them. The relevant organizations elaborated programs to facilitate the procedure of micro loaning, control commercial banks in the provision of funds, and provide privileges and preferences to women.

Owing to these efforts, Uzbekistan now occupies a leading position among 125 countries in terms of providing women with optimally convenient conditions for the establishment of business and its management. As a result, Uzbekistan’s businesswomen currently contribute significantly to the stability and prosperity of not just their families, but also the country's economy, employing the whole potential and knowledge in manufacturing, services, trade, food industries, animal husbandry, and other dynamically progressive sectors. It is noteworthy that in the majority of cases, new production capacities are located in remote areas of the country, providing employment for the local population, especially women and youth.

Today, the proportion of women employed in the economy has reached 45%. The number of women, who had raised the welfare of the population by their own example and were awarded high state awards, has been growing year after another.

(Source: «Uzbekistan Today» newspaper)