Over AZN 49 million of subsidies allocated to entrepreneurs


June 23, Fineko/abc.az. As of 31 May 2021 the guarantees in the total amount of AZN 149.7 million were given as part of the mechanism for subsidizing loans guaranteed by the State and interests on them.

The guarantees were given on 1,026 loan applications for totally AZN 258.3 million.

ABC.AZ was informed at the Entrepreneurship Development Fund under the Ministry of Economy that a decision was made to give subsidies at the interest rates of existing loans to entrepreneurs in the amount of AZN 57 million out of 4,497 applications with loan balance of AZN 819.2 million.

"AZN 49.3 million of subsidies have already been allocated to entrepreneurs," the Fund says.

In 2021, it is planned to allocate AZN 80 million for the payment of subsidies.