BAKU, Azerbaijan, January 27. Azerbaijan's Entrepreneurship Development Fund allocated funds allocated 13.9 million manat ($8.1 million) in concessional loans to the projects of women entrepreneurs and 14 million manat ($8.2 million) to the projects of young entrepreneurs in 2022, Trend reports citing the tweet of Azerbaijan's Minister of Economy Mikayil Jabbarov.
According to the tweet, the state financial mechanisms play a special role in facilitating financial accessibility for women and young entrepreneurs of the business world and promoting their overall activity.
In 2022, the Entrepreneurship Development Fund allocated 104.2 million manat ($61.29 million) in concessional loans to 2,710 small and medium-sized projects.
The Entrepreneurship Development Fund will allocate 150 million manat ($88.2 million) for concessional loans to business entities in 2023.