Minister: Entrepreneurs receive subsidies for AZN 29.9M on guaranteed loans

From June 2020 to July 1, 2022, the Entrepreneurship Development Fund under the Ministry of Economy of Azerbaijan, within the framework of the state-guaranteed loan and subsidiary support, gave guarantees for 291.8 million manats ($171.81 million) on 2,630 applications of entrepreneurs affected by the pandemic with a loan demand of 499.8 million manats ($294.28 million), Economy Minister Mikayil Jabbarov said, Report informs.

"Subsidies in the amount of 29.9 million manats ($17.6 million) were allocated to entrepreneurs on guaranteed loans," he said.