Rural Loans for Entrepreneurs

The government will offer loans ranging from 1 billion rials ($23,809) to 60 billion rials ($1.42 million) to entrepreneurs who create jobs in rural regions, the vice president for rural development and deprived areas said. “Entrepreneurs in cities with a population lower than 10,000 will also be granted working capital loans of up to 10 billion rials ($238,095) with an annual interest rate of 10% and a payback period of six months,” Mehr News Agency also quoted Abolfazl Razavi as saying.