EVALUATING THE EFFECTIVENESS OF SMALL AND MEDIUM ENTERPRISE SUPPORT PROGRAMS IN UZBEKISTAN: PATHWAYS FOR IMPROVEMENT
Keywords:
small and medium enterprises, SME support programs, program effectiveness, Uzbekistan economy, entrepreneurship development, financial inclusion, policy evaluationAbstract
This article examines the effectiveness of government-led small and medium enterprise (SME) support programs in Uzbekistan and proposes evidence-based pathways for their improvement. As SMEs constitute over 90% of all businesses, approximately 75% of total employment, and contribute more than 54% of GDP, their sustainable development is critical for national economic growth and diversification. Through a mixed-methods approach combining quantitative analysis of national statistical data with qualitative assessment of policy frameworks, the study evaluates the impact of financial, institutional, and regulatory support mechanisms implemented between 2017 and 2025. The findings reveal that while significant progress has been made in expanding access to preferential lending, simplifying registration procedures, and establishing digital platforms, persistent challenges remain in areas including financial accessibility for micro-enterprises, regional disparities in program delivery, human capital development, and technological adoption. The article proposes a comprehensive improvement framework encompassing enhanced financial inclusion strategies, digitalization of support services, targeted capacity-building programs, and strengthened monitoring and evaluation systems. The recommendations are grounded in international best practices and adapted to the specific socioeconomic context of Uzbekistan.
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