Iran allocates $450 milliom for "indoor jobs"

Business Materials 12 August 2011 11:47 (UTC +04:00)

Azerbaijan, Baku, August 12/Trend/

The Central Bank of Iran allocated $450 million for "indoor jobs", the Fars News Agency reported on Friday.

According to reports, the most credit allocated for "indoor jobs" would be assigned to agricultural and handcraft sectors.

It is perdicted that about 70, 000 new jobs would be created by allocating $450 million to "indoor jobs".

Earlier Minister for Cooperatives, Labor and Social Security Ali Reza Sheikholeslami said that Iran will allocate $250 million to create 500,000 "indoor jobs".

Sheikholeslami said that roughly $100 million were allocated in 2011 as part of the program for creating working conditions at home - namely, working and earning money from home instead of from an office.

Administrative systems are expected to develop work that can be carried out from indoors and to provide certain facilities for these positions, Sheikholeslami said.

Iranian President Mahmoud Ahmadinejad announced later that about 1,600,000 new jobs were created in Iran during the last solar year (the new year began in Iran on March 21). He also promised to create 2.5 million new jobs this year.

At present, roughly 75 million people live in Iran, with the youth representing the majority of the population. According to statistics, roughly 900,000 young people are able to work per year, which is a minimum of 900,000 new jobs which must be created to provide these people with jobs.

According to statistics, the national unemployment rate is 14.5 percent. This statistic includes those working only one hour per week, students, housewives, and soldiers. According to unofficial statistics, the unemployment rate is at 25-30 percent.

According to the Iranian 20-Year Development Plan, the country's annual economic growth should reach 8 percent in order for one million new jobs to be created.

Ahmadinejad's government has refused to publicize the statistics on the economic growth for several years.