National Fund for Entrepreneurship Support defined priority fields of crediting in Bilasuvar region
The National Fund for Entrepreneurship Support under the Azerbaijan Ministry of Economic Development has started reception of investment projects in the priority fields in Bilasuvar region from the entrepreneurs.
Ministry reported that the projects for creation of small livestock breeding farms, small bread making enterprises as well as vegetable farms using horticulture and modern systems of irrigation will be accepted.
Since today the entrepreneurs have the right to apply the Fund through the authorized credit organizations.
The Fund was created in 1992 and the Fund started active crediting in early 2002. The credits will be allotted to the entrepreneurs by 38 authorized banks and non-bank credit organizations. In 2012 the Fund allotted 218 million AZN to fund 2400 investment projects. In 20123 the Fund forecast to allot credits to the amount of 250 million AZN.
Since early year 188.6 million AZN has been allotted to fund 2327 investment projects.—0---
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