BAKU, Azerbaijan, November 7. The Entrepreneurship Development Fund of the Ministry of Economy of the Nakhchivan Autonomous Republic issued soft loans worth 2.7 million manat ($1.5 million) from January through October this year, Trend reports.
The Fund reports that it directed a significant portion of its financial support for industry and agriculture during the first ten months of this year.
Of the loans granted, 75.9 percent fell on the industrial sector, 16.9 percent on the development of various areas of agriculture, and 7.2 percent on projects supporting the service sector.
To note, the Entrepreneurship Development Fund of the Ministry of Economy of Azerbaijan granted soft loans to 4,724 projects worth 188.2 million manat ($110.7 million) in the reporting period of the current year.