3199
Loans for Small Industries
Economy, Business And Markets

Loans for Small Industries

Small industries are set to receive 250 trillion rials in loan facilities as allocated by the ministry of industry, mine and trade, said the deputy minister on Wednesday.

“Government officials and executives from Iran Small Industries and Industrial Parks Organization (ISIPO) agreed to offer two loans worth of 100 trillion and 150 trillion rials,” said Mohammad Ali Seyed-Abrishami, the deputy minister and managing director of the organization, in a meeting with the industrialists at Shahrekord Industrial Estate, an industrial park located in the Shahrekord, Chaharmahal and Bakhtiari.
Nearly 81,000 small manufacturing units are currently active in Iran.
“The ministry has prepared a list of the industrial units which are in need of  financial support,” said the deputy minister, adding that the list has been submitted the banks assigned with offering the loans.
As another measure taken by the government to promote small industries in the country, the ministry of industry together with the Bank of Industry and Mines (BIM) are also planning to set up a new bank to support the private sector.
The bank is to provide finance for manufacturers at industrial parks to purchase equipment and machinery, in an attempt to improve business environment in the country.

Short URL : http://goo.gl/tBdI61

You can also read ...

Swiss Firms Preparing to Quit Iranian  Market Over US Sanctions Risks
Several Swiss newspapers on Sunday reported that Swiss firms...
EU Rushes to Protect Economic Interests in Iran
With a reputation of a slow-working institution that only gets...
Chabahar’s Shahid Beheshti Port: Cheapest Business Option in Region
With new moderated prices for services offered at Chabahar’s...
German Companies Cannot Be  “Totally Shielded” From US Iran Move
The German government will help German firms with business in...
New Report Reveals Banks’ NPL Ratio Gap
A senior member of Majlis Article 90 Commission presented the...
Tehran Startup  Studio Launched
The University of Tehran and the Noor Credit Institution have...
Tehran Stocks Unshaken by US Nuclear Deal Pullout
Iran nuclear deal seems to be on life-support these days, as...
Google Stands to Lose Up to $4.3b in UK Privacy Suit
Google appeared in a UK court on Monday to argue against a...

Trending

Googleplus