Economy, Business And Markets

$740m for Deprived Regions

$740m for Deprived Regions$740m for Deprived Regions

Bank of Industry and Mine has allocated 2 trillion rials ($740 million at official exchange rate) in loans for the development of deprived regions, IRNA reported.  The low-interest loans have gone to “entrepreneurs with feasible projects in hands and in need for cash flow” in eight deprived provinces, Gholam Abbas Nematollahi said on Wednesday. “The money will be financed in rial through the National Development Fund of Iran (NDFI).”