BAKU, Azerbaijan, July 17. The volume of preferential business lending in Azerbaijan through the National Entrepreneurship Support Fund amounted to 51.9 million manat ($30.5 million) in the first half of 2023, the Fund told Trend.
A total of 971 projects have been financed in six months, the implementation of which will create 765 jobs.
The Fund's agent banks issued loans worth 18.6 million manat ($10.9 million) for the implementation of 261 projects only during June.
The volume of concessional lending to businesses in Azerbaijan through the fund is planned to reach 150 million manat ($88.2 million) in 2023.
The National Entrepreneurship Support Fund financed 2,726 investment projects in 2022. In total, the Fund has issued preferential loans in the amount of 145.9 million manat ($85.8 million).
According to the Fund, as many as 87.1 million manat ($51.2 million) of the issued loans are for the production of agricultural products, 37.3 million manat ($21.9 million) - for the production and processing of industrial products, 9.1 million manat ($5.3 million) - for tourism and 12.4 million manat ($7.2 million) - for other industries.