ECONOMY


‘Entrepreneurship Development Fund guaranteed 291.8 mln manats to 2,630 applications by entrepreneurs’

Baku, July 27, AZERTAC

“Within the framework of the state-guaranteed credit and subsidy support, from June 2020 to July 1 of this year, the Entrepreneurship Development Fund guaranteed 291.8 million manats to 2,630 applications by entrepreneurs affected by the pandemic with a loan demand of 499.8 million manats,” Azerbaijan’s Minister of Economy Mikayil Jabbarov said on Twitter.

“In total, 29.9 mln manats of subsidies were paid to entrepreneurs for guaranteed loans,” the minister noted.

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