Business And Markets

CBI Plans to Ease Microcredit

The CBI is more inclined towards Qarz-ol-Hassanah instruments to help enhance financial inclusion and improve financial services across the country. The government says it wants to expand the scale and scope of such financial institutions
CBI Plans to Ease Microcredit
CBI Plans to Ease Microcredit

Abouzar Soroush, the deputy of supervision at the Central Bank of Iran outlined the measures to expand  microloans. 
“The measures include increasing the ceiling for interest-free loans, establishing a new criterion for the share of microfinancing in bank balance sheets, reducing the reserve requirement for microloans in banks, and updating the credit assessment system,” IBENA quoted Soroush as saying.


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