Azerbaijan ready to increase preferential business lending

Business Materials 12 October 2011 17:59 (UTC +04:00)

Azerbaijan, Baku, Oct.12 / Trend, N. Ismayilova /

The National Fund for Entrepreneurship Support (NFES) will receive 90.1 million manat from the state budget for 2012.

According to report, this volume is 2.6 times, or 56.1 million manat more than in 2011. In general, NFES received 453.1 million manat from the state budget in 2006-2011 to finance business entities on preferential terms.

NFES was established in 1992. Loans are allocated to entrepreneurs through authorized banks and non-bank credit organizations, whose overall number is 39. In 2011, the Fund plans to finance the issuance of preferential loans worth 125 million manat.