Fund: New support mechanism created for liberated territories

A new support mechanism has been created for entrepreneurs operating in the liberated territories of Azerbaijan, Chairman of the Board of the Entrepreneurship Development Fund under the Ministry of Economy Osman Khaliyev said at a press conference, Report informs.

He noted that the mechanism will be applied from next month.

"In the framework of this mechanism, 90% of the loan portfolio of 500 million manats - 450 million manats will be guaranteed, and it is predicted that the guaranteed loans will be subsidized up to 150 million manats. The maximum amount of concessional loans is 5 million manats, and the maturity period is 7 years", the chairman noted.