CBI Unveils Agri-Based Supply Chain Finance Scheme

The Central Bank of Iran on Tuesday unveiled a supply chain finance (SCF) scheme based on contract farming to improve financing for the agriculture sector.

Speaking on the sidelines of the ceremony, CBI Governor Ali Salehabadi said the scheme will help improve “targeted finance” in the agriculture sector and reduce wastage of financial resources, CBI’s website reported.    

Back in January, CBI launched the SCF scheme to improve lending efficiency and navigate banks’ resources toward financing the production sector.