The National Entrepreneurship Support Fund (NFES) under the Ministry of Economic Development of Azerbaijan has started to receive investment projects in priority areas in Lerik.
As stated in the ministry, there will be accepted projects for the creation of small livestock breeding farms, beekeeping enterprise for processing and packing honey and wild forest fruits.
From today, 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 done 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 to finance 2,424 investment projects, they have already allocated 194.4 million manat. - 15D
Economics
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