(MENAFN– AzerNews) By Ayya Lmahamad
The Entrepreneurship Development Fund provided soft loans in the amount of AZN 2.6 billion (US $ 1.5 billion) to more than 38,000 entrepreneurs in 2002-20, wrote the Azerbaijani minister of Economy Mikayil Jabbarov on his official Twitter page on March 29.
The Minister noted that the soft loans have been provided for the implementation of investment projects worth AZN 5.9 billion (US $ 3.4 billion).
In addition, he added that it has created more than 173,000 new jobs.
Earlier, Jabbarov pointed out that the fund’s strategic objectives for 2021-2023 include expanding entrepreneurs’ access to financial resources, supporting the creation and development of businesses based on innovative technologies and sustainable development. fund.
Ayya Lmahamad is the reporter for AzerNews, follow her on Twitter: @AyyaLmahamad
Follow us on Twitter @AzerNewsAz
- #MIKAYIL JABBAROV
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