NESF: AZN 23 mln preferential loan was allocated to 145 entrepreneurs within the development program of Baku and surrounding settlements

The National Entrepreneurship Support Fund of Ministry of Economic Development has allocated AZN 23 mln preferential loan to 145 entrepreneurs since adoption of “State Program on socio-economic development of Baku and surrounding settlements”, said the NESF Executive Director Shirzad Abdullayev.

According to him, 19 of the projects were large-scale.

He also noted that, NESF conducts monitoring of given loans: “THE Fund conducts monitoring 2 times in a months for spending of funds allocated for large projects. 100+ projects were monitored during the same period”.

Note that, NESF has allocated AZN 92.1 mln preferential loan to 110+ entrepreneurs during 2011.


/APA/