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Entrepreneurs of Gakh District May Apply to NFES
The desired directions of business in the Gakh region have been specified.
According to the National Entrepreneurship Support Fund announcement (NFES), it will mainly consider projects to establish beekeeping farms, large farms, gardening, livestock breeding, tobacco growing, and enterprises for the production of bread, fruit processing, and tourism, including the construction and operation of three-star hotels.
Authors of such projects will have priority in consultation with the authorized credit organizations. With a little luck, banks can give them a loan of up to the full cost of the projects.
NESF at the Ministry of Economy and Industry was established in 1992. Sixty banks and micro-finance organizations cooperate with it as agents. Last year, 295 million AZN was allocated for the needs of entrepreneurs. The allocation of 220 million manat is planned this year. --17D-
Economics
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