BAKU/30.12.12/TURAN National Entrepreneurship Support Fund under the Ministry of Economic Development of Azerbaijan has started to receive from the owners of investment projects in priority areas in the village Khojasan of the Binagadi district.
As stated in the ministry, there will be projects to create modern slaughtering enterprises, small enterprises for the production of bread and small spinning and weaving companies.
From today, the subjects have the right to apply to the fund by authorized credit institutions, the report said.
NFES was established in 1992 and started active lending 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 were projected at 200 million manat, of which 90.1 million manat was allocated from the state budget. In 2013, the lending is to reach 300 million manat, of which 50 percent will come from the budget.
Since the beginning of this year to finance 2,419 investment projects 218 million manat was allocated. - 15D -
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