ECONOMIC ANALYSIS OF FINANCING SMALL BUSINESSES AND PRIVATE ENTREPRENEURSHIP IN UZBEKISTAN

Аннотация

This article discusses issues of financing small businesses and private entrepreneurship. Aneconomic analysis of financing small businesses and private entrepreneurs operating in the regions of the Republic of Uzbekistan, scientific proposals and practical recommendations are provided. Key words: GDP, GRP, economic analysis, investment, small business, entrepreneurship, economicassessment. INTRODUCTION the role of small business and private entrepreneurship in achieving high and stable economic growth and macroeconomic stability of the country's economy. The role of loans provided by commercial banks in the development of small businesses and private entrepreneurship is incomparable. Therefore, financing this field is one of the most pressing issues of our time. Therefore, based on the gradual development of the banking system, it is necessary to ensure its stability, find new solutions, increase the competitiveness of credit institutions and banking control, as well as strengthen and protect the confidence of bank depositors. and other creditors. In recent years, our country has been implementing large-scale reforms aimed at creating a favorable business environment for doing business, strengthening the rights and guarantees of business entities, developing corporate governance, actively attracting foreign investment andproviding comprehensivesupport to investors. . Small business and private enterprise (SBI) occupies a central place as a driving force of the economy around the world. In developed countries of the world, France, Italy, Japan, Germany, the USA, the share of GDP in GDP is about 50-60 percent, and in Uzbekistan in page1984 INTERNATIONAL JOURNAL OF ARTIFICIAL INTELLIGENCE ISSN:2692-5206,ImpactFactor:12,23 AmericanAcademicpublishers,volume05,issue05,2025 Journal: https://www.academicpublishers.org/journals/index.php/ijai 2023 this figure will be 51.2 percent. The role of funding from this sector in the further development of KBXT is incomparable. It is important to economically study how the volume ofloans allocated to theregions ofour country is distributed. As the President of the Republic of Uzbekistan Sh.M. Mirziyoyev noted: “World experience shows that any country pursuing an active investment policy has achieved stable growth of its economy. This is why investments are the driver of the economy; without exaggeration, we can say that this is the heart of the economy by Uzbek standards. Along with investments in various industries and sectors, regions will receive new technologies, advanced experience, highly qualified specialists, and entrepreneurship will develop rapidly”[1]. In the future, this will attract financing for the construction industry in the regions, as well as all other industries, and will lead to an improvement in the well-being of the population as a result of increased employment and cash incomeof thepopulation.. REVIEW OFLITERATURE ONTHESUBJECT According to Mamut, microcredit operations of banks and non-bank credit organizations should not be controlled by the Central Bank in order to develop the practice of microcredit to smallbusinesses [4]. According to the conclusion of Nobel Prize laureate M. Yunus, when lending to small businesses starting work, the main attention should be paid to the social effect of lending. After expanding the financial capabilities of business entities, they cause an increase in demand for loans at market rates [5]. F. Allen and D. Gale recognizethe existence of two systems for financing the activities of small and medium-sized businesses - a system based on the activities of banks and a system based onfinancial markets, and emphasizethat thefirst system is relatively important [6]. S.N. Sayfullaev [9, 10, 11, 12, 13, 14, 15] socio-economic aspects of the development of small businesses and private entrepreneurship, problems in the field and ways to overcome them,financial support for small businesses, support mechanisms are being studied. RESEARCHMETHODOLOGY During the study, forms of financing of small businesses and private enterprises were comparatively and critically analyzed, special attention was paid to sources of financing and the real amount of income. The article compares the scientific and theoretical views of economists on this issue, while loans and microloans provided by banks to KBHT subjects are divided into separategroups at theregional level. Thesubjects ofthe study were KBXT. ANALYSISAND RESULTS The development of KBHT is one of the necessary conditions for the sustainable development of the economy of Uzbekistan. At the same time, further development of the activities of small businesses, further increase in their role and importance in the socio- economic development of the country gives rise to the need to improve the system of financing their activities. At this point, it should be recognized that world economists have focused on improving the practice of financing the activities of small businesses in different period