Entrepreneurship Dev't Fund allocates concessional loans to agricultural projects [PHOTO]

By Ayya Lmahamad

Azerbaijan's Entrepreneurship Development Fund has allocated concessional loans to two business entities to promote local production, Azernews reports, citing Economy Minister Mikayil Jabbarov.

The fund allocated AZN497,000 ($292,352) in concessional loans to Humix LLC for the manufacturing of plant protection products and agrochemicals in Sabirabad.

"The Entrepreneurship Development Fund (@sahibkarliq) has allocated 497,000 ? in #concessionalloan to Humix LLC for the manufacturing of plant protection products and agrochemicals in Sabirabad," he tweeted.

Moreover, the fund allocated AZN500,000 ($294,117) in concessional loans to Beluga Astara LLC for the project aimed at the enlargement of the fish farm in Astara District.

"The Entrepreneurship Development Fund (@sahibkarliq) has provided 500,000 ? in #concessional loan to Beluga Astara LLC for the project aimed at the enlargement of the fish farm. The project will be implemented in Astara district," he tweeted.