TCCIM Hails SCF Plan as a Big Step Forward

A member of the Tehran Chamber of Commerce, Industries, Mines and Agriculture has welcomed the new lending policy initiated by the Central Bank of Iran to fund manufactures.  
Abbas Argon told ISNA that the supply chain finance (SCF) mechanism is a big step in the right direction and will “help rescue businesses in dire need of working capital, which in turn would ease pressure on banks and curb money supply”. 
Earlier in the month the CBI unveiled the SCF program to improve lending efficiency and navigate banks’ resources toward production companies.