Economy, Business And Markets

Small Industries Loans to Triple

Small Industries Loans to TripleSmall Industries Loans to Triple

The total amount of the loans to be paid by the small industries guarantee fund to the manufacturing units will increase from the current 10 billion rials ($371,000 at official exchange rate) to 30 billion rials ($1.1 million), said managing director of the fund on Wednesday. Ali Ta’aqoli announced the news while addressing a seminar on introducing the services offered by the small industries guarantee fund and the Export Guarantee Fund of Iran, which was held in Ahvaz, Khuzestan Province. According to IRNA, Ta’aqoli added that “according to its charter, the fund is responsible for developing small industries in the country.” The EGFI also plans to finance development projects by the small industries in Khuzestan Province.