NFES Identified Priority Areas for Lending in Gedebey

The National Entrepreneurship Support Fund under the Ministry of Economic Development of Azerbaijan has started to receive investment projects in priority areas in Gedebey.

As stated in the ministry here will be accepted projects to develop intensive potato farming and high yielding potato seeds, small farm animal breeding and bee-keeping, etc.

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 active lending by the fund 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 investment projects in 2400 areas allocated 218 million manat. NFES loans in 2013 are forecast at 250 million manats.

Since the beginning of the year, to finance 1,109 investment projects there has been allocated 120 million manat. - 15D -

 

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