13:00 - 2.02.2024

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February 2, Fineko/abc.az. Up to 90% of business loans to entrepreneurs operating in the territories liberated from occupation are provided by the state.

ABC.AZ reports thatthe Entrepreneurship Development Fund has conducted the presentation of information system Electronic Credit & Guarantee on the Mechanism for supporting entrepreneurs operating in territories liberated from occupation.

EDF chairman of board Osman Khaliyev said that since February 1, an opportunity has been created for entrepreneurs operating in the liberated territories to apply under the mechanism of guarantees and subsidies.

"So, entrepreneurs can use the mechanism by registering in the E-Credit & Guarantee information system through the e-gov portal and website edf.gov.az. Within the mechanism, entrepreneurs implementing an investment project in these territories are provided with state guarantees in the amount of up to 5 million manats, for the period of up to 7 years, for 90% of business loans with annual interest rate of up to 15%. At that, 10 p.p. of the annual interest rate on these loans are subsidized by the state for up to 36 months, and grace period of up to 36 months is applied, no more than half of the loan term," he said.