The National Entrepreneurship Support Fund (NESF) under the Ministry of Economic Development of Azerbaijan has started to receive investment projects in priority areas in Agdash.
As stated by the ministry, there will be accepted projects to create a modern bakery, small livestock breeding farms, and farms of intensive gardening.
From today, the subjects have the right to apply to the fund through authorized credit institutions, the report said.
The NESF was established in 1992 and its active lending began in 2002. Issuance of loans to entrepreneurs is arranged by 38 authorized banks and non-banking credit organizations. In 2012, the fund financed 2,400 investment projects and identified 218 million manats. NESF loans in 2013 are forecast at 250 million manats.
Since the beginning of the year, NESF has financed 2,697 investment projects and allocated 208.4 million manat. - 15D
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