ECONOMY
Entrepreneurship Development Fund allocates 72.1 mln. ₼ in concessional loan to 1,732 entrepreneurs
![Entrepreneurship Development Fund allocates 72.1 mln. ₼ in concessional loan to 1,732 entrepreneurs](/files/2022/3/1200x630/16637735324028359190_1200x630.jpg)
Baku, September 21, AZERTAC
“Since the beginning of this year, within the framework of the state support for the private sector, the Entrepreneurship Development Fund has allocated 72.1 mln. ₼ in concessional loan to 1,732 entrepreneurs, as well as 53.4 mln. ₼ on 1,725 small and medium-scale projects,” said Azerbaijan’s Minister of Economy Mikayil Jabbarov.
“As a result, 1,690 new jobs have been created. 71.4% of the concessional loans fall on the agrarian sector, 28.6% - manufacturing and processing of various industrial products, whilst 88.2% of the funds fall on regions and 11.8% - the city of Baku,” the minister added.
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