Business And Markets

SMEs to Get $2.3b in New Loans

SMEs to Get $2.3b in New Loans  SMEs to Get $2.3b in New Loans

In line with concerted government efforts to support manufactures, banks plan to lend 300 trillion rials ($2.3 billion) to small and medium-sized enterprises in the current fiscal year that ends in March 2020. 
In a meeting with representatives of chambers of commerce, cooperatives and guilds, the central bank boss Abdolnasser Hemmati said the “CBI is committed to supporting SMEs”, the CBI official website reported. 
As part of efforts to boost the struggling local production sectors and curb recession, he spoke of a CBI plan dubbed ‘productive working capital.’  


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