Loan Moratorium Extended

The government has agreed to again extend the loan repayment timelines for troubled manufacturers, the Economy minister said.
According to Ehsan Khandouzi, the National Coronavirus Headquarters has extended the deadline to the fiscal yearend in March 2022, IBENA reported.
The government has already granted three rounds of loan deferment to manufacturers impacted by the pandemic. The first time was in March and again in September after production companies said they could not pay due to the coronavirus-related complications that have wiped out many SMEs and forced others to furlough or down shutters.