NFES identified priority sectors lending in Tovuz

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

As stated in the ministry here will be taken projects to set up a bakery , small or medium-sized enterprises for the production of bread , small or medium-sized vineyard , potato and breeding livestock .

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 started active lending in 2002. Issuance of loans to entrepreneurs is done by 38 authorized banks and non-banking credit organizations. In 2012, the Fund for the financing of investment projects in 2,400 areas allocated 218 million manat. NFES loans in 2013 were projected at 250 million manat.

Since the beginning of this year to finance 4,023 investment projects, there has already been allocated 265.3 million manat. - 15D -

 

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