BAKU/14.02.13/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 Yevlakh.
As stated in the ministry, there will be projects taken to create modern bakeries, greenhouses and poultry farms.
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 fund in 2002. Issuing loans to entrepreneurs is arranged by 38 authorized banks and non-banking credit organizations. In 2012, the Fund for the financing of 2,400 investment projects allocated 218 million manat. NFES loans in 2013 are projected at 300 million manat, of which 50 percent should come from the budget.
Since the beginning of this year, to finance 233 investment projects there has been allocated 27.4 million manat. - 15D -
Economics
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