Order of the Deputy Prime Minister - Minister of National Economy No. 53 “On approval of the Rules for microcredit and leasing in rural areas and small towns”.

This Order primarily addresses the regulation and implementation of microcredit and leasing activities within rural populated areas and small cities, under the broader policy framework. Its objectives include formalizing procedures for microcredit and leasing, establishing priority areas based on socio-economic screening, and integrating these activities into the national statistical and administrative systems. The regulation emphasizes principles such as urgency, returnability, security, and earmarking of funds, with specific eligibility criteria for applicants, including citizens, unemployed individuals, and cooperatives engaged in agricultural or related activities. It also delineates the scope of permissible uses of microcredits and leasing, explicitly excluding certain sectors like wholesale trade and light vehicle acquisition, and sets maximum amounts, durations, and interest rates, with a focus on supporting agricultural projects and cooperative development. Key measures outlined include the development of an information system for application processing, the requirement for electronic submission of documents, and the establishment of criteria for collateral and project evaluation. The regulation specifies procedures for approval, disbursement, and monitoring of microcredits and leasing, including timelines such as three working days for document verification and fifteen working days for project evaluation. It mandates the involvement of local executive bodies, authorized agents, and regional development authorities in the implementation process, with responsibilities for registration, approval, and reporting clearly assigned. The document also details the criteria for collateral valuation, the permissible duration of leasing and microcredit agreements, and the co-financing arrangements involving local budgets. Implementation mechanisms include the use of electronic applications, the registration of microcredit and leasing projects in designated information systems, and the submission of regular reports on project targeting, utilization, and monitoring. Timelines for reporting are specified, such as monthly submissions up to ten months following the reporting period, with institutional responsibilities assigned to local executive bodies, agents, and regional authorities. Secondary themes encompass procedural requirements for document submission, the role of authorized agents in disbursing funds, and the emphasis on transparency and compliance with legislative standards, all aimed at ensuring effective regulation and oversight of microcredit and leasing activities in the specified regions.