Rural Loan Rates Announced
Rural Loan Rates Announced

Rural Loan Rates Announced

Rural Loan Rates Announced

The interest rates of entrepreneurship loans in rural and nomadic areas have been fixed at 8%, 6% and 0% respectively depending on their circumstances, the rural development deputy at the Presidential Office announced. Seyyed Abolfazl Razavi added that if several families in the country’s border areas engage in an entrepreneurial project, they do not have to pay any interest for their loans, IBENA reported. The Iranian Parliament approved a bill allowing the government to take out $1.5 billion from the National Development Fund of Iran for creating jobs in rural and nomadic areas in the current fiscal year (March 2017-18). According to Razavi, Agriculture Bank and Tose’e Ta’avon Bank, as well as Omid and Agriculture Development funds, have been selected as agent banks to allocate the loans.


Short URL : https://goo.gl/yL6oNK
  1. https://goo.gl/2KfCeh
  • https://goo.gl/sU7teC
  • https://goo.gl/USLtGg
  • https://goo.gl/MhaJBG
  • https://goo.gl/v6jwpS

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...

Add new comment

Read our comment policy before posting your viewpoints