“From June 2020 to October 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. ₼, within the framework of the state-guaranteed credit and subsidy support,” Azerbaijan’s Minister of Economy Mikayil Jabbarov said on Twitter.

“36.2 mln. ₼ of subsidies were paid to entrepreneurs to subsidize 50% of the annual interest rate of these loans,” the minister added.

Source: Azerbaijan State News Agency