A specialized consortium will soon support home-based workers

The new organization will be established in the form of a limited liability company with an initial statutory fund of 50 billion soums (currency rates of CB RU from 06.06.2017, 1$= 3874.48 soums). It will allocate loans to private individuals and enterprises - customers of home-made products to enable them purchasing modern machinery, equipment, raw materials and other things they need. The loans will be issued on the security of the goods purchased.

To expand the scope of activities, the consortium will establish structural units that will specialize in marketing and search for customers for the organization of home-based manufactures. A branch of the new organization will be founded in each district of Tashkent to maintain the interaction between home-based workers and the customer enterprise.

There is another important fact: the consortium was entitled to conclude contracts with home-based workers and customer enterprises to produce goods, perform works and provide services. To make the initiatives effective, the head of state granted the new structure with certain privileges and preferences. For example, it is exempted from paying all types of taxes and other mandatory contributions to state targeted funds, channeling the released funds to the targeted replenishment of the statutory fund.

The home-based workers were not ignored either – as of July 1, 2017, a fixed rate of personal income tax will be set for them at 7.5%.

The President has also entrusted the Mahalla Charity Foundation and self-government bodies to permanently work on establishing close economic cooperation between enterprises and home-based workers, including regular identification of community residents who want to work on business orders at home. They will also have to organize a broad campaign to raise awareness on the benefits of home-based work.

(Source: «Uzbekistan Today» newspaper)

 

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