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.