Publication Details
Abstract
The article relates to the systematic development of the financial support of the state of small and medium enterprises (hereinafter referred to as SMEs) in Uzbekistan and their institutional development while determining the current status and prospects. There is a massive space for growth in small businesses, but there are a range of issues facing small businesses, including a lack of accessible funding, heavy tax burden, and geographical divergence. Where the these Gaps Exist: From insufficiently integrated financial instruments to lack of efficiency of current government support mechanism The approaches are general science methods: analysis, synthesis and comparativistic use of data obtained from official reports, legal documents and international studies over the representations of the Russian national law within the Russian criminal process. The results show that traditional measures of support, in the form of subsidies, microcredit or preferential loans, fall short of meeting the structural problems of rural-area SMEs. It emphasises on improving credit support, tax reforms and including institutions for digitalisation. The results indicate the creation of regional guarantee funds, concessional lending, tax incentives, and innovation should enhance the sustainability of SMEs. In addition, digital services play an important role in increasing transparency and accessibility to government programs. The implications mean that Uzbekistan needs thorough reforms to allow small businesses to develop and boost long-term growth and economic diversification.