Microcredit for 1,000 Startups, Tech Firms

Qarz Al-Hasanah Mehr Iran Bank signed an agreement with the Vice Presidency for Science and Technology Affairs on Wednesday to give microloans to 1,000 plus startups and tech companies. 
The agreement was signed in a ceremony attended by CBI Governor Ali Salehabadi, Economy Minister Ehsan Khandouzi and the Vice President for Science and Technology Rouhollah Dehqani Firouzabadi.
"I commend the banking industry for supporting knowledge-based and tech companies…The central bank supports the work of Qarz al-Hasanah banks and allocation of microcredit,” Salehabadi said at the ceremony, the CBI website reported. 
"Loans to knowledge-based companies up until November 22 reached 900 trillion rials ($2.54 billion), -- up almost 123% from the same period last year," he said.