The Resolution of the President of the Republic of Uzbekistan No. PQ-61 dated February 14, 2025, 'On additional measures to assist graduates of higher education institutions in finding employment' was adopted. Based on this, in order to ensure youth employment, strengthen the integration of graduates of higher education institutions into the labor market, and improve the process of personnel training with the participation of the private sector and commercial banks, the following are set as priority tasks:
1. To approve the proposal of the Ministry of Higher Education, Science and Innovations and the National Bank of Uzbekistan to implement the 'Step into the Future' program (hereinafter referred to as the Program) aimed at facilitating the employment of graduates of higher education institutions, which provides for the following:
a) for graduate students of higher education institutions who wish to implement their business ideas and graduates who have not been more than three years since graduating from university, full support in the process of bringing a business idea to a ready-made project by commercial banks participating in the Program (hereinafter referred to as authorized banks) in accordance with Appendix 1, including financing on favorable terms;
b) holding open competitions among graduating students of higher education institutions in various fields and assisting in providing employment to the winners. In this regard:
a practice will be established to determine the needs of competent employers, including large enterprises, for specialists with higher education and to formulate requirements for specialists;
measures will be financed for the initial preparation of competition winners for the profession based on individual vocational education programs at the request of potential employers;
individual vocational education programs will create the opportunity to undergo internships at production facilities and participate in short-term training courses at higher education institutions abroad.
2. The Program is implemented through "Step into the Future" centers (hereinafter — Centers) organized by JSC "Uzmilliybank" in the regions, including on an outsourcing basis;
all higher education institutions are participants in the Program and conclude cooperation agreements with the Centers to assist students in finding jobs.
3. In order to implement the program, authorized banks will receive from the Recovery and Development Fund:
in the amount of 80 million US dollars equivalent for 10 years, including a 3-year grace period, at an interest rate equal to the key rate of the Central Bank;
in the amount of 20 million US dollars equivalent, funds have been allocated on a gratuitous basis to finance the costs of internships (hereinafter referred to as internships) for graduate students during their studies at an enterprise (organization) and to provide grant funds to the best startups and innovative projects.
Information about entrepreneurial projects implemented by graduates of the institute within the "Step into the Future" program, their activities and results will soon be regularly published in this section.
Within the "Step into the Future" program, the following financial opportunities are provided to support young people and graduates, develop their entrepreneurial initiatives and help them master new professions:
For self-employed graduates and young people who want to take their first step into business: loan amount up to 20 million soums, term up to 18 months, grace period up to 6 months.
Details
For graduates and young people who have the necessary business skills and want to start their own business: loan amount up to 300 million soums, term up to 5 years, grace period up to 1 year.
Details
For students and young people who have started their own business as a business entity and plan to expand it: loan amount up to 2 billion soums, term up to 7 years, grace period up to 2 years.
Details
For business entities that employ students and young people under 31: loan amount up to 10 billion soums, term up to 7 years, grace period up to 2 years.
Details
Within the project for organizing and financing the vocational training of graduates of higher education institutions, a monthly scholarship of up to 5 BCV during the training period, up to 50 BCV for courses abroad, and the costs of preparing a business plan are covered.
DetailsThrough these opportunities:
Turn your idea into an opportunity, and the opportunity into success!
More information: nbu.uz | (78) 148 00 10
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Jizzakh Polytechnic Institute
institute
Jizzakh city, 130100
4 Islam Karimov Avenue
Phone: +998 72 226-46-05
Hotline: +998 72 226-45-57
Email: dgpi_info@edu.uz
