The National Entrepreneurship Support Fund under the Ministry of Economic Development of Azerbaijan has started to receive from the owners investment projects in priority areas in the village Shuvalan of the Khazar district.
As stated in the ministry, there will be accepted projects to develop small greenhouses and saffron farms.
From today, the subjects have the right to apply to the fund through the authorized credit institutions, the report said.
NFES was established in 1992 and began active lending 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 to finance 1,842 investment projects there has already been allocated 167.5 million manat. - 15D -
Economics
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