Azerbaijan, Baku, Feb.4 / Trend F.Mehdi/
Iran's National Development Fund has approved $6.9 billion fund for financing over 290 projects by the Bank of Industry and Mine, IRNA quoted the bank's managing director Qorban Daniyali as saying.
The fund and the bank have also agreed to pay $2.5 billion to domestic manufacturing units, he added.
To date, $400 million of the total fund has been allocated, Daniyali said.
In May 2012, the industry, mine and trade minister said that ten percent of the NDF's assets will be allocated for supporting the domestic production sector.
Mehdi Ghazanfari told IRNA that three percent of assets of specialized industry and agriculture banks will be also paid to boost the production sector.
According to the current year's budget law, 10 percent of the NDF's assets should be turned into rials and be invested in the agriculture sector and 10 percent in the industrial sector.
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