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FinancialNews


  • 21-06-21

    Iran pays USD2.36B to small, medium-sized enterprises

    (MENAFN)In the first two months of the current Iranian year, Iran’s Ministry of Industry, Mining and Trade’s data indicated that 99.161 trillion rials (about USD2.36 billion) were given to small and medium-sized enterprises (SMEs) and semi-finished industrial projects with more than 60 percent physical progress.

    According to IRNA, the stated facilities that are provided for renewing machinery, equipping production units, or completing semi-finished projects, were paid in the form of bank loans to 1,512 projects and production units.

    The Industry Ministry in collaboration with the Central Bank of Iran launched the program for offering bank facilities to the SMEs and semi-finished projects in February 2019, and since then more than 7,660 production units and SMEs marked for receiving the stated loans of which 2,766 cases have received the facilities.

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