The National Fund of Support to Entrepreneurship under Azerbaijan`s Ministry of
Economic Development, State Agency on Agricultural Credits under the Ministry of
Agriculture, “Agrarkredit” Joint-Stock Company, “Agrolizing” Open Joint-Stock
Company, Azerbaijan Investment Company, Azerbaijan Export and Investment
Promotion Foundation and other state bodies
deal directly with this issue. Due to
financial support from the World Bank, Islamic Development Bank and International
Fund for Agricultural Development (IFAD) various projects covering agricultural sector
are effectively being carried out in rural regions where national minorities are settled
compactly.
The National Fund of Support to Entrepreneurship under Azerbaijan`s Ministry of
Economic Development alone allocated – in 2003-2009 and in the past period of 2010 –
AZN 115,200,000 worth of soft loans to 2,444 entrepreneurship subjects in the
economic regions where national minorities live in compact communities including in the
Lankaran economic region (the Lankaran, Astara, Lerik, Masally and Yardimly regions),
the Shaki-Zagatala economic region (Shaki, Zagatala, Balaken, Gakh, Oghuz and Gabala
regions), the Guba-Khachmaz economic region (the Guba, Khachmaz and Gusar
regions) and the Daghlig Shirvan economic region (the Shamakhy and Ismayilli regions).
It should be noted that the above-mentioned economic regions cover almost the whole
colorful spectrum of national minorities living in Azerbaijan (Lezgis, Talyshs, Avars,
Sakhurs, Georgians, Ahiska Turks, Udins, Tats, Lahijs and others).
The State Agency on Agricultural Credits under the Ministry of Agriculture and
“Agrolizing” Open Joint-Stock Company are closely involved in developing the
agricultural sector, farm businesses and local entrepreneurship in the regions populated
by national minorities. Several micro-projects envisaging reconstruction of schools and
roads, improvement of irrigation system, and construction and repair of health facilities
were implemented as part of the “Rural Investment” project in over 20 villages inhabited
by national minorities.