Azerbaijan’s Nakhchivan tallies its preferential loans flow

BAKU, Azerbaijan, January 10. The
Entrepreneurship Development Fund in Azerbaijan’s Nakhchivan
Autonomous Republic allocated preferential loans totaling over 4.2
million manat ($2.4 million) to finance 38 projects in 2024,
Trend reports via
the Ministry of Economy of the Nakhchivan.

The Ministry indicated that a substantial 73 percent of the
financial allocations were earmarked for the advancement of the
industrial sector, while 21 percent was channeled into agricultural
initiatives, and a modest 6 percent was designated for the services
sector.

Furthermore, the quantity of sanctioned financial entities
collaborating with the Entrepreneurship Development Fund escalated
to 6 in 2024, with continuous engagement with 3 emerging credit
organizations.

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