Agro Loans Lacking
Economy, Business And Markets

Agro Loans Lacking

The minister of agricultural Jihad has criticized banks for not providing loans to farmers. Mahmoud Hojjati said banks were supposed to allocate 25% of their lending to agriculture, but they met only 6-7% of their requirements, ISNA reported on Saturday. According to the minister, Keshavarzi Bank is the sole specialized lender for the key sector while agriculture is a major contributor to the both GDP and jobs. Investing in agriculture is not attractive in Iran since it is normally given the short shrift and hence farmers should not be blamed for infrastructure deficiencies. Keshavarzi Bank is a public-sector bank specializing in agricultural lending.

Short URL : http://goo.gl/1gLT0J
  1. http://goo.gl/YhZkXu
  • http://goo.gl/6cL1n7
  • http://goo.gl/UwQ4Xp
  • http://goo.gl/XEJKgX
  • http://goo.gl/YauGnR

You can also read ...

FAO Forecasts Iran’s Cereal Output to Rise 12% in 2018
Despite autumn dryness, crop conditions recovered in Iran and...
Iran's Summer Box-Office Revenues Exceed $5 Million
Iran’s box-office revenues exceeded 610 billion rials ($5.19...
Hot Autumn for Tehran Stocks
Tehran stocks rose solidly on Sunday, recording another all...
Mobile Internet Services Get Costlier in Iran
Major mobile operators MTN-Irancell and Mobile...
Iran Housing Market Bracing for Double-Dip Recession: Aug-Sep 2018 Report
New data show property deals in Iran are on a downward...
Iran Agrifood Exports Rise 27% to Record High of $2.6 Billion
Around 2.94 million tons of agricultural and food products...
Iran's Trade With Italy Tops $590m
Iran traded 389,963 tons of non-oil commodities worth $594.82...
SCI Puts Iran's YOY Inflation at 25.7%
The goods and services Consumer Price Index for the month...