Up to 3-year subsidized loans to be given to entrepreneurs


April 1, Fineko/abc.az. The measures of support for businesses have been announced in Azerbaijan.

ABC.AZ reports that among the support measures is the provision of subsidized loans to entrepreneurs working in areas affected by the pandemic. The volume of bank loans to be guaranteed by the government for 60% will amount to AZN 500 million. The maximum interest rate on loans will be 15% and the term will be 3 years.

Half (7.5% of 15%) of the interests on guaranteed loans will be subsidized by the State Budget.

By Elmir Murad