Over 40 million Iranians eligible to receive justice shares

Business Materials 17 December 2012 15:33 (UTC +04:00)

Azerbaijan, Baku, Dec. 17/ Trend G.Mehdi/

More than 40 million Iranian have been identified as being eligible to receive Justice Shares intended for low-income families, ISNA quoted Iranian Privatisation Organisation's director Mohammad-Rahim Ahmadvand as saying.

"Some 41.7 million people have been registered in the Justice Share distribution plan and of them, around 40.5 million have been identified as being eligible to receive shares," he said.

On November 12, 2006, the Iranian cabinet approved a bylaw for increasing Iranian households' wealth through expanding the cooperative sector's share on the basis of the Justice Shares Distribution Scheme.

Under the present interpretation of Article 44 of Iran's Constitution, hundreds of state-owned companies have been privatised with some of the shares being earmarked for distribution among 'deprived' classes, such as farmers and workers.

In the first tranche, Justice Shares were distributed among 23 million villagers and many rural workers have benefited under this scheme, according to Press TV.