The National Entrepreneurship Support Fund under the Ministry of Economic Development of Azerbaijan has started to receive investment projects in priority areas in Saatly.
As stated in the ministry, here will be accepted projects to create a bakery, small livestock breeding farms and enterprises for the production of plastic windows and doors.
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 2,400 areas, allocated 218 million manat. NFES loans in 2013 were projected at 250 million manat.
Since the beginning of the year, to finance 3,859 investment projects there has already been allocated 262.7 million manat. - 15D -
Economics
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