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A concessional loan of 200,000 manat was given to the flour products production project


A concessional loan of 200,000 manat was given to the flour products production project

Another LLC was given a concessional loan.

Mikayil Jabbarov said this on his account on the "X" social network.

"The Entrepreneurship Development Fund allocated 200,000 manat concessional loan to Cooky Chefs LLC for the development project of flour products production. Stimulating the activity of small and medium businesses serves to strengthen their role in the economy," the minister noted.

It should be noted that in 2023, 193.8 million manat concessional loans were granted for the financing of 3276 investment projects by the Entrepreneurship Development Fund. The total value of investment projects was 459.9 million manats, and the volume of lending increased by approximately 33 percent.

It should be recalled that in 2022 entrepreneurs in Azerbaijan received preferential loans worth 145.9 million manats from the Entrepreneurship Development Fund.

 

 

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