President Shavkat Mirziyoyev issued the decree Wednesday approving the State Program Yoshlar-Kelajagimiz (transl. Youth is Our Future). It is said to be aimed at creating jobs for the young people through facilitating and supporting youth business initiatives, start-ups, ideas and projects, training the jobless youth for business skills and increasing their social and economic activitsm in general.

The program has already been launched in the Kuyichirchik district of the Tashkent province and Tashkent’s Chilanzar district. Starting from July 1 it will be deployed in all districts and cities of the country.

The Yoshlar-Kelajagimiz Foundation is being established under the Youth Union to fund the program's activities. Its funds will be used to provide soft loans and property for leasing at 7% per annum rate for youth business initiatives, issue of guarantees for loans (up to 50% of the loan amount), investing in projects worht less than 50% of their value (with subsequent sale of its share within five years).

Households with unemployed young people will be able to purchase up to 20 poultry and rabbits, 5 small and 2 large heads of cattle at the expense of the fund, with return of their value within the agreed time. They will be assisted in growing poultry and animals and their sale.

Yosh Tadbirkorlar (transl. Young Entrepreneurs) Co-working Centers is planned to be built on the public-private partnership terms providing preferential rent of premises, office equipment and consumables, Internet and other assistance, including the development of business plans, consulting, legal, accounting and other services, organization of forums, master classes and seminars.

Yoshlar Mehnat Guzari complexes will be created in the labor-surplus districts for setting up of trade-household and small production sites.

The National Commission for the Development of Youth Entrepreneurship has been formed, with branches in provinces and cities of the country.