16:08 - 2.09.2021

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September 2, Fineko/abc.az. The program of the mechanism of guarantees and subsidies is calculated on the loan request in the amount of AZN 500 million.

ABC.AZ reports that the relevant statement was made by Osman Khaliyev, Acting Chairman of the Board of the Entrepreneurship Development Fund.

He noted that by the end of the year the Fund will provide up to 60% of guarantees on this loan request.

"In the current situation, the requirements for AZN 362.6 million have been met. Speech is about guarantee for AZN 211.4 million. We expect that applications for AZN 500 million will be fulfilled by the end of this year," Fund’s head said.

He added that if 433 applications were received in 2020, then in 2021 their number was 1,215, bringing the total number to 1,648.