Banks Told to Expand Range of Collateral for Microloans

To facilitate microloans the Majlis on Tuesday obliged lenders to diversify assets that can be used as collateral. 
The decision was made during the ongoing parliamentary debate on the 2022-23 budget, the parliamentary news agency, ICANA reported.  
Accordingly, the CBI in collaboration with Economy Ministry should create online systems to enable shares, securities and units of exchange-traded funds to be put up as collateral with banks.