The government of Turkmenistan has increased preferential loans to young families

September 25, 2022 | 00:17 |14015

The government has increased the amount of loans at a reduced rate that young families can take out to improve their homes and buy household appliances, furniture, etc.

A resolution to this effect was signed on Friday by President Serdar Berdimuhamedov. The document is aimed at improving government measures to support young families and improve their living conditions.

Now they can borrow without collateral up to 20,000 manats for 3 years at 1% per annum for the purchase of household goods and household goods.

Previously, Turkmen banks provided soft loans with the same interest rate up to 6,000 manats. That is, the credit limit has more than tripled.

ORIENT news