BAKU/10.09.13/TURAN National Entrepreneurship Support Fund under the Ministry of Economic Development of Azerbaijan has started to receive investment projects from owners in priority areas in Gazakh.
As stated in the ministry here will be accepted projects to create a modern bakery, as well as small and medium- growing farms and carpet-weaving business.
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 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 to finance 2,400 investment projects allocated 218 million manat. NFES loans in 2013 are forecast at 250 million manats.
Since the beginning of the year for the financing of 3,121 investment projects, there has already been allocated 227.6 million manat. - 15D
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