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ICC Introduces 40,000 Virus-Hit Businesses for Bank Loans

ICC Introduces 40,000 Virus-Hit Businesses for Bank Loans
ICC Introduces 40,000 Virus-Hit Businesses for Bank Loans

Iran Chamber of Guilds has referred 40,000 affiliated businesses to banks to receive government-backed coronavirus bailout loans, an official with the chamber said. 
Noting that guilds were expecting to receive grant as well loans but under the current circumstances the government cannot offer more financial help, Hoshyar Faqihi added that individuals with self-employed insurance policies and those without the insurance of Social Security Organization won’t qualify for these low-interest loans, ISNA reported. 
Early June, Faqihi said coronavirus lockdowns inflicted monthly losses worth 260,000 billion rials ($1.31 billion) on local businesses under the supervision of ICG. 

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