OREANDA-NEWS. February 11, 2009. On the occasion of pronouncement of the year 2009 "The Year of Rural Development" and for the purpose of providing financial support to the development in the regions, helping raise the income and living standards of rural residents and creating new jobs, Pakhta Bank has announce a contest of investment projects.

To participate in the contest, investment projects should be aimed at production and full processing of agricultural and farming products, including fruit and vegetables, melon and gourds, dairy and meat products.

The cost of the project is determined by the client. The sum of the loan issued for the financing of the project should not exceed 500 million soums, in which the share of the initiator should not be less than 25% of the total budget of the project, and the value of the collateral should make up at least 120% of the sum of the loan. The collateral may be equipment purchased through the project financing, not exceeding 70% of the total sum of the project. The time of the project repayment should not exceed 5 years.

Priority will be given to the projects that meet the following conditions:

- projects based on the integration of mini-technology and aimed at production of export-oriented goods;

- projects with low cost of the product;

- high competence of the initiator of the project in the field in which the project is to be run;

- projects creating the maximum number of new jobs.

The project that fully meet the said requirements of the contest will be granted loans of Pakhta Bank at soft interest rates.