Since early 2017 Azerbaijani entrepreneurs received AZN 96.5 million of subsidized loans

16:13 - 1.11.2017


The National Entrepreneurship Support Fund (NESF) has given subsidized loans for AZN 96.496 million for 1,270 projects since early 2017.

The Fund announced that 3,881 jobs will be opened due to financing those projects.

"96.2% of given loans are aimed at financing agricultural projects and 2.8% for projects on production and processing of different industrial products, 0.4% for processing of agricultural products, 0.4% for projects in the tourism sector and 0.2% for development of (infrastructure) services," the Fund reported.

The NESF reports that 96.7% of the loans accounted for small, 1.3% for medium and 2% for large loans.