New Funding to Help Boost Non-Oil Export

The Ministry of Industries, Mining and Trade gave 19,000 trillion rials ($69.7 million) in loans to exporters of non-oil goods in the first four months of the current fiscal year that started in March.
Loans were paid to improve and expand target destinations as a part of an incentive package designed to boost the key non-oil export sector amid declining crude oil exports -- the lifeline of the economy, IRNA reported.
The support package is funded by the National Development Fund of Iran, the sovereign wealth fund. Aid will be given to eligible exporters via agent banks, including the Export Development Bank of Iran, Bank of Industry and Mine, Tose'e Ta'avon Bank, Middle East Bank, Karafarin Bank, Tejarat Bank, Bank Melli Iran and the Bank of Agriculture.