Economy, Domestic Economy

Loans for Industries

Loans  for IndustriesLoans  for Industries

The administration will allocate 5.8 trillion rials ($217 million) to various production and industrial companies, Mohammad Shariatmadari, the vice president for executive affairs announced. As IRNA reported on Friday, the government will provide industrial and production entities with loans of low interests, although it has encountered some constraints in paying subsidies. While the administration seeks to establish an integrated system of paying subsidies to manufacturers, the parliament also tries to protect the producers in case the government cannot reach the defined target. “If the government does not keep its promises, the parliament may not allow the subsidies to be granted the producers,” Ramezanali Sobhanifar, a member of industries commission committee of the parliament told ILNA on Friday.