Over $ 70 million in loans paid to Bushehr production units in 10 months

TEHRAN – A provincial official announced that 3 trillion rials (about $ 71.42 million) in loans have been paid to production units in Bushehr province, in southwest Iran, to promote the production in the province during the first ten months of the current Iranian calendar. year (March 20, 2020 – January 19, 2021).

Stating that the completion of industrial units over 60% complete is a priority program, Hossein Hosseini, head of the Department of Industry, Mines and Commerce in Bushehr, said that the completion of semi-industrial units -finished, providing liquidity to industries and revitalizing stagnant units are in the program priority.

Data from the Iranian Ministry of Industry, Mines and Trade shows that 101.941 billion rials (over $ 2.42 billion) were paid to production units as part of a program to support the production. domestic production in the first 10 months of the current Iranian calendar year.

The payments mentioned were made to 3,439 production units.

As indicated, under this program called “production and employment facilities”, bank facilities are offered to newly created production units or semi-finished industrial projects with more than 60% physical progress.

Based on the mentioned program, 201,299 billion rials of installations (approximately $ 4.79 billion) are expected to be paid to production units to support domestic production and maintain or create employment opportunities.

Part of this figure is provided by the National Development Fund (FND) and part is provided by the banking system. So far, a total of 110.4 trillion rials (about $ 2.6 billion) of capital has been provided by NDF and the country’s banks for the mentioned program.

Following a major plan to develop the country’s production as part of a resilient economy, the government has defined several projects with the aim of creating 1,032,962 job opportunities.

In this regard, the Central Bank of Iran (CBI) has put production support on the agenda as a major plan for the past two years and CBI Governor Abdolnaser Hemmati has consistently emphasized. that support for production units to make production prosper is the priority of the country’s banks. system.

The Ministry of Industry previously announced that more than 335.75 trillion rials (nearly $ 7.99 billion) had been paid to small and medium-sized enterprises (SMEs) and semi-finished industrial projects over the course of of the previous Iranian calendar year (ended March 19, 2020).

The mentioned payments were made in the form of 20,930 bank loans to various projects and production units.

MOM

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