BAKU/30.11.12/TURAN National Fund for Entrepreneurship Support (NFES) provided to businesses in the surrounding areas and Yardimli loans.
As reported in the fund, the fund's authorized agents provided 48 entrepreneurship subjects with loans totaling 740 thousand manats, which in turn will create up to 90 new jobs.
Since the beginning of this year to finance investment projects in 2293 allocated 200 million manat. Of these, 1,200 projects totaling 47.7 million manats were sold in the Lenkaran economic region. Thus, the fund has mastered 100% provided for in the 2012 budget.
NFES was established in 1992 and its active lending started in 2002. Issuing loans to entrepreneurs is arranged by 38 authorized banks and non-banking credit organizations. In 2011, the Fund for the financing of 1,643 investment projects allocated 138 million manat. NFES loans in 2012 are projected at 200 million manat, of which 90.1 million manat is allocated from the state budget. In 2013, the lending is to reach 300 million manat, of which 50 percent should be from the budget. - 15D -
Economics
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