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Azerbaijan names volume of soft loan issued through Entrepreneurship Development Fund

Economy Materials 13 October 2022 12:43 (UTC +04:00)
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, October 13.The Entrepreneurship Development Fund under the Ministry of Economy of Azerbaijan issued soft loans worth 2.8 billion manat ($1.64 million) as of today, Trend reports citing press service of the fund.

According to the fund, the loans were issued to 42,000 businessmen.

The issued loans contributed to the development of the non-oil sector in the country.

"With these funds, entrepreneurs have created innovative technologies for production and processing at enterprises, increased export-oriented projects and created new jobs," the fund said.

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