Subsidized loans for AZN 781,000 given to 29 entrepreneurs


June 20, Fineko/abc.az. Subsidized loans for totally AZN 46 million have been given since early 2019 to 463 entrepreneurs of Azerbaijan for financing investment projects estimated at AZN 175.7 million.

Implementation of investment projects with the use of those loans will create up to 1,800 jobs.

The statement was made on 20 June by Deputy Economy Minister Sahib Mammadov at business forum in Goygol district of Azerbaijan.

Within the framework of the forum subsidized loans for AZN 781,000 were given to 29 entrepreneurs in Ganja-Gazakh economic region.

The subsidized loans will be directed for the development of animal husbandry, horticulture, and vegetable growing.

As a whole, to date AZN 275.6 million of subsidized loans have been given for financing of 7,000 investment projects in Ganja-Gazakh region.