The Azerbaijan Entrepreneurship Development Fund issued soft loans worth 287.7 million manat ($169.2 million) in 2021 for the implementation of 1,902 projects, Acting Head of Board of the Fund Osman Khaliyev said at a briefing on Friday, AzVision.az reports.
“In general, the mechanisms of supporting the activity of the Entrepreneurship Development Fund were implemented in three spheres in 2021,” Khaliyev added. “These are soft loans, state-guaranteed loans and subsidies to the existing loan portfolio for the spheres affected as a result of COVID-19 pandemic.”
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