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Iran's Qazvin province gets over $32M of loans for production dev't

Business Materials 21 January 2019 09:39 (UTC +04:00)

Baku, Azerbaijan, Jan. 21

By Elnur Baghishov - Trend:

For the ten months of this Iranian year (started March 21, 2018), 119 loans worth 1.35 trillion rials (about $32.3 million) have been allocated for the development of production in Iran’s Qazvin province, head of the Qazvin Province Industries, Mining and Trade Organization Ali Pour-Zahmat said at a meeting of the working group for the elimination of obstacles for issuing loans and production in the province, Trend reports via Shata news agency.

The province ranks fourth in Iran in terms of the number of loans issued, he noted.

He said that so far, 261 applications have been registered in the renewal and development system of the province. He noted that 100 decisions have been approved and funds worth 625 billion rials (about $14.8 million) were paid in 23 cases.

He said that so far, 551 applications have been registered in the industrial and agricultural sectors of the province, adding that 333 cases were examined in the credit working group and the production obstacles in the province were eliminated.

The problems of 7 facilities engaged in the production, industry, services and agriculture sectors of the province were investigated and the necessary decisions were made at the meeting.

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