Minister: Azerbaijani youth may be granted interest-free mortgage

Azerbaijan, Baku, June 1 / Trend, T. Hajiyev /

Azerbaijani youth may be granted interest-free social mortgage, Azerbaijani Youth and Sports Minister Azad Rahimov told journalists on Tuesday.

The State Program on Azerbaijani Youth in 2011-2015 reflects the issue of social mortgage. We have proposed to grant interest-free mortgage to young people for purchasing apartments. Funds were allocated for this," Rahimov said.

He said after a public forum that the working group on preparing the program received over 2,000 proposals. "We prepared a project consisting of 144 items," Rahimov said.
He said the state program has already been prepared and sent to ministries for final coordination.

Rahimov stressed that the public discussions were attended by Azerbaijani student organizations, representatives of NGOs and Azerbaijani youth studying abroad.

The State Program on Azerbaijani Youth in 2011-2015 is expected to be approved on June 6. This program has been developed by the Azerbaijani President's decree.