Industry

‘Entrepreneurship Development Fund guaranteed 291.8 million manats’

“Within the framework of the state-guaranteed credit and subsidy support from June 2020 to September 1 of this year, the Entrepreneurship Development Fund guaranteed 291.8 mln. ₼ to 2,630 applications of entrepreneurs, affected by the pandemic, with a credit demand of 499.8 mln. ₼,” Azerbaijan’s Minister of Economy Mikayil Jabbarov said on Twitter.

“Hence, 34.3 mln. ₼ of subsidies were paid to entrepreneurs for guaranteed loans,” Minister Jabbarov added.

Source: Azerbaijan State News Agency