(MENAFN- Trend News Agency) BAKU, Azerbaijan, January 27. Azerbaijan's Entrepreneurship Development Fund allocated funds
allocated 13.9 million manat ($8.1 million) in concessional loans
to the projects of women entrepreneurs and 14 million manat ($8.2
million) to the projects of young entrepreneurs in 2022, trend reports citing the
tweet of Azerbaijan's Minister of Economy Mikayil Jabbarov.
According to the tweet, the state financial mechanisms
play a special role in facilitating financial accessibility for
women and young entrepreneurs of the business world and promoting
their overall activity.
In 2022, the Entrepreneurship Development Fund
allocated 104.2 million manat ($61.29 million) in concessional
loans to 2,710 small and medium-sized projects.
The Entrepreneurship Development Fund will allocate
150 million manat ($88.2 million) for concessional loans to
business entities in 2023.
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