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$40m in Low-Interest Loans for Flood-Hit Areas

$40m in Low-Interest Loans for Flood-Hit Areas $40m in Low-Interest Loans for Flood-Hit Areas

Banks have given 5.5 trillion rials ($40 million) to help compensate losses in flood-stricken areas, according to the data released by the Industries Ministry.  
Bank Refah allocated 1.7 trillion rials ($12.5 million) to Social Security Organization retirees, those covered by Imam Khomeini Relief Committee and the State Welfare Organization of Iran, shada.ir reported. 
The interest- free loans include 8,500 loans worth 50 million rials a piece and 8,500 loans worth 150 million rials each. 
Bank Sepah paid 1.2 trillion rials ($9 million) in low-interest loans to people in the flood-stricken regions.  

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