BAKU, Azerbaijan, January 10. The Entrepreneurship Development Fund in Azerbaijan’s Nakhchivan Autonomous Republic allocated preferential loans totaling over 4.2 million manat ($2.4 million) to finance 38 projects in 2024, Trend reports via the Ministry of Economy of the Nakhchivan.
The Ministry indicated that a substantial 73 percent of the
financial allocations were earmarked for the advancement of the
industrial sector, while 21 percent was channeled into agricultural
initiatives, and a modest 6 percent was designated for the services
sector.
Furthermore, the quantity of sanctioned financial entities
collaborating with the Entrepreneurship Development Fund escalated
to 6 in 2024, with continuous engagement with 3 emerging credit
organizations.
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