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 Yardymly .
As stated in the ministry here will be accepted projects to create a modern family farm for 50 dairy cattle head, as well as intensive horticultural and vegetable farms, bee farms , including enterprises producing honey by an industrial method, and also wild fruit processing plants.
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 arranged by 38 authorized banks and non-banking credit organizations. In 2013, the Fund for the financing of 4,500 investment projects allocated 275 million manat. NFES loans in 2014 are projected at 280 million manat, of which 150 million manat comes from the state budget , and the rest will be provided by the return of credits. - 15D -
Economics
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