BAKU, Azerbaijan, January 10. The
Entrepreneurship Improvement Fund in Azerbaijan’s Nakhchivan
Autonomous Republic allotted preferential loans totaling over 4.2
million manat ($2.4 million) to finance 38 initiatives in 2024,
Pattern stories by way of
the Ministry of Economic system of the Nakhchivan.
The Ministry indicated {that a} substantial 73 % of the
monetary allocations had been earmarked for the development of the
industrial sector, whereas 21 % was channeled into agricultural
initiatives, and a modest 6 % was designated for the companies
sector.
Moreover, the amount of sanctioned monetary entities
collaborating with the Entrepreneurship Improvement Fund escalated
to six in 2024, with steady engagement with 3 rising credit score
organizations.
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