Loans to be issued to enterprises in Iran's Yazd Province
BAKU, Azerbaijan, September 20
By Elnur Baghishov – Trend:
The loans worth 1.89 trillion rials (about $45 million) will be issued to the 34 manufacturing enterprises in Yazd Province (central Iran), said Chairman of the Industry, Mine, and Trade Organization of the Yazd Province, Mohammad Reza Alamdar Yazdi, Trend reports citing the organization’s website.
The chairman stressed that in this regard, it was decided at a meeting of the working group to eliminate barriers on manufacturing in the province.
Alamdar Yazdi added that 1.37 trillion rials (about $32.7 million) loans will be issued to the 21 manufacturing enterprises as working capital to protect the employment of 432 people.
"At the same time, 515 billion rials (about $12.2 million) will be issued to 13 unfinished enterprises and 129 people will be employed," he said.
The chairman noted that 50,000 people have been employed in Yazd province during the activity of the working group to eliminate barriers on manufacturing (since 2015).