OREANDA-NEWS. March 07, 2012. National Entrepreneurship Support Fund (NESF) under Economic Development Ministry of Azerbaijan has granted concessional credits for AZN 421.500 to 41 entrepreneurs for the last 3 years.

Economic Development Ministry of Azerbaijan reports that the country keeps on measures on implementation of State Program of Socio-Economic Development of Azerbaijani regions for 2009-13 and the law " On cotton growing".

"For the last 3 years NESF granted concessional credits for AZN 421.500 to 41 entrepreneurs for cotton growing development. The country also pays special attention to creation of processing enterprises, based on "from raw material to final product" principle. In particular, factories on fabric production with 6.5 million metres annual capacity and on fabric coloring with 10.000 tons capacity have been founded in Sumgait ",- the report says. For creation of these enterprises NESF granted concessional loans for AZN 10 million. At present construction-montage work is underway in the territory of these enterprises.