Banks Give $3.6b Cheap Loans to Spur Marriage, Childbirth

Since the beginning of the calendar year in late March banks gave 1,189 trillion rials ($3.65 billion) loans to 1.3 low-income applicants largely for youth marriage and childbirth, and to those wanting to rent a home.  
According to the public relations department of the Central Bank of Iran, banks accepted 536,000 applications for childbirth loan worth 216 trillion rials ($664 million) in the eight months, the CBI news outlet reported. 
Banks were ordered in mid-April to lend to young parents to encourage childbirth. The money is given to couples who had a child in the previous fiscal year (March 2021-22) and after.  
First-time parents are eligible for 200 million rials for the birth to the first child, 400 million rials for the second child, 600 million rials for the third, 800 million rials for the fourth and 1 billion rials for five children and more.