Hefty Loans for ICT Firms

The government-affiliated Information and Communication Technologies Guild Organization is planning to pay loans to the tune of 20 billion rials ($123,000) to ICT companies.
The move is aimed at protecting their businesses from the loss caused by the spread of COVID-19 in the country, which has distorted Iran’s tech ecosystem’s prospects. The loans are to be financed by ICT Ministry’s Information Technology Organization.
In a Saturday online meeting, the heads of commissions at ICT Guild Organization decided to offer loans worth 5-20 billion rials ($30,000-$123,000) to the eligible ICT firms, Peivast.com reported.
Fledgling companies and startups will be able to apply for the minimum amount, the report says.