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The National Fund for Entrepreneurship Support under the Ministry of Economy continues financing investment projects of entrepreneurs operating in diverse fields of the economy. Imishli-1
The next business forum on funding entrepreneurs at preferential terms was organized in Imishli region, Jafarli village on September 8. Entrepreneurs were informed how to reach preferential loans and they were presented example projects that considered expedient to be realized in the region, as well as entreprenurs’ investment projects were financed during the event.
Within the framework of the event the presentation on example investment projects on large-scale farming, intensive gardening, livestock breeding and vegetable farms, bread production and milk processing enterprises were made, and it was noted that total value of up to 100% of the small investment projects would be financed on the account of the government-backed preferential loans. Example projects and methodical materials were distributed to entrepreneurs.
Imishli-2AZN 100,6 million was extended to more than 1700 entrepreneurs during the past period of 2016. These preferential credits will lead to creating nearly 5200 new jobs. It was noted that, entrepreneurs operating in Aran economic region were supported by AZN 493 million soft loans in order to finance more than 12500 investment projects.
Within the framework of the event AZN 780 thousand was extended to 56 entrepreneurs of Imishli region and surrounding areas. These credits will be directed to the expansion of livestock breeding, vegetable growing, cotton growing and other fields. 70 new jobs will be created on the account of these credits.
During the forum, preparatory works for harvesting cotton in large farm that established on the account of the government-backed preferential loans in Imishli region was inspected.
It is worth to note that, the National Fund for Entrepreneurship Support under the Ministry of Economy extended AZN 60 million for funding projects on cotton growing till today, and AZN 2,5 million over the past period of 2016.