National Entrepreneurship Support Fund under the Ministry of Economic Development of Azerbaijan has started to receive investment projects from owners in priority areas in Khachmaz.
As stated in the ministry, there will be accepted projects to develop livestock breeding complex, bakery, vegetable farms using systems of small and medium-intensive gardening and irrigation, as well as a bakery.
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 ar forecast at 250 million manats.
Since the beginning of the year, to finance 2,150 investment projects, there has been allocated 183 million manat. - 15D -
Economics
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