Startups Borrowed $115m From NDFI

The National Development Fund of Iran gave 41 trillion rials (about $114.8 million) in loans to knowledge-based companies since fiscal 2018-19 up until now, according to the fund’s head for banking and credit affairs.
“Some 39 trillion rials ($109.5m) went to the industries and mining sectors and the rest to processing industries,” Alireza Mir-Mohammad Sadeqi was quoted as saying by ndf.ir.
During the first half of the current year (March 21-Sept. 22), more than 5.2 trillion rials ($14.6 million) of loans was granted to knowledge-based businesses, Mir-Mohammad Sadeqi said