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Loans Offered to Tech Ecosystem Double, Surpassing $155 Million

The government has gone the extra mile to support the tech ecosystem, as the amount of financial aid offered to knowledge-based companies and startups has seen a significant %95.5 rise compared to the year-ago period
Loans Offered to Tech Ecosystem Double, Surpassing $155 MillionLoans Offered to Tech Ecosystem Double, Surpassing $155 Million

Iran’s tech ecosystem has been fed 36.6 trillion rials ($155.4 million) of financial aid in the form of low-interest loans during the first quarter of the current fiscal year (March 21-June 21).
The loans have been offered to 484 tech units and knowledge-based companies, averaging 76 billion rials ($322,700) for each applicant, Donya-e Eqtesad cited the Central Bank of Iran as saying.
The figures illustrate the government going the extra mile to support tech ecosystem, as the amount of financial aid offered to knowledge-based companies and startups has seen a significant %95.5 rise compared to the year-ago period.
Narrowing down the data, Central Bank of Iran says Bank Melli Iran with 7.1 trillion rials ($30.1 million), Bank Saderat Iran with 7 trillion rials ($29.7 million) and Bank Mellat with 6.7 trillion rials ($28.4 million) have granted the largest share of loans to applicants. 
The state’s support has also been extended to fledgling tech businesses affected by the novel coronavirus that spread across the country in mid-February. 

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