Analysis of Government Financial Assistance for Small Business Entities in Uzbekistan

Small and medium-sized firms (SMEs) are globally acknowledged as pivotal catalysts for economic expansion, job creation, innovation, and regional advancement. In developing and transitional economies, governmental financial support channels are essential for addressing market inefficiencies and enhancing access to capital for entrepreneurial ventures. This study aims to evaluate the efficacy of public financial assistance to small business entities in Uzbekistan and its impact on economic development from 2020 to 2025.The research utilises comparative analysis, statistical techniques, trend analysis, and the synthesis of global experiences. The results indicate that governmental assistance mechanisms, such as preferential loans, subsidies, guarantees, tax incentives, and entrepreneurship development initiatives, substantially enhance firm growth, job creation, export advancement, and investment activity. Nonetheless, issues in financial accessibility, regional inequities, and administrative limits persistently hinder the efficacy of current assistance methods.The article suggests that additional digitalisation of financial services, development of credit guarantee systems, deployment of alternative credit scoring models, and reinforcement of public-private collaboration are essential to enhance SME financing efficiency and promote sustainable economic growth.