Agricultural projects to be funded through soft loans in Azerbaijan
Azerbaijan, Baku, Oct. 28 /Trend, A.Akhundov/
The National Fund for Entrepreneurship Support (NFES) under the Economic Development Ministry of Azerbaijan expressed its readiness to fully provide soft loans to implement projects to build grain and seed farms, small enterprises for processing of vegetables and fruit, intense pomegranate orchards tab.
NFES Executive Director Shirzad Abdullaev said at a meeting on Friday with the businesses in the Gyragly village of Saatli district. During the event, NFES issued 395,000 manat soft loans to 32 entrepreneurs in Saatli and surrounding areas.
"This will contribute to creating 50 new jobs," said Abdullayev.
In general, to support small and medium enterprises in the Aran economic region, the National Fund has allocated 35.8 million manat for 589 credits, which contributes to opening more than 1,700 jobs.
Official exchange rate on Oct. 28 is 0.7869 AZN/USD.