Over $171M issued on loans to entrepreneurs affected by the pandemic

From June 2020 to October 1 of this year, the Entrepreneurship Development Fund guaranteed 291.8 million manats ($171.6 million) to 2,630 applications of entrepreneurs affected by the pandemic, with a credit demand of 499.8 million manats ($294 million) within the framework of the state-guaranteed credit and subsidy support, Economy Minister Mikayil Jabbarov said, Report informs.

"36.2 million manats ($21.3 million) of subsidies were paid to entrepreneurs to subsidize 50% of the annual interest rate of these loans," he tweeted.