The main goal of NFES is to provide preferential loans from the state budget for small and medium business in order to develop entrepreneurship in the country.
During 2017, NFES allocated soft loans worth 146 million manats ($86 million).
During the ceremony, Abdullayev noted that NFES allocated soft loans worth 33 million manats ($19.
The executive director further said that from 1992 to 2017, NFES granted 2.
Entrepreneurs can apply to the fund through authorized credit organizations, in accordance with the rules for using the funds of the NFES
plans to issue loans worth 280 million manat, some 150 million manat of which will be provided at the expense of repayment, and the remaining 130 million manat - at the expense of the state budget in 2014.
The concessional loans was granted through the NFES.
Small investment projects can be financed with these concessional loans from the NFES.
considered it expedient to start accepting proposals of entrepreneurs on financing start-ups as well as investment projects to create farms for animal breeding, intensive gardening, poultry breeding, as well as facilities for production of dried fruits.
It is planned to allocate 150 million manats through the NFES
Following the business forum, the NFES considered it expedient to start accepting business proposals for financing startups, as well as investment projects for the creation of agro-parks, hotels, green markets, potato, livestock and beekeeping farms, meat-cutting, milk processing and bread production enterprises.
Entrepreneurs can apply to the Fund through authorized banks and non-bank lenders, in accordance with the rules for using the funds of the NFES.