Over $300m in Loans to Virus-Hit Businesses

EghtesadOnline: Out of 533,752 businesses that registered at Kara.mcls.gov.ir and were introduced to the banks to receive government-backed coronavirus financial support, 365,841 businesses (70% of the total) have received their loans as of Nov. 30, while the documents and collaterals of the rest are under review, the Central Bank of Iran reported.

News ID: ۷۵۱۶۵۵

07 December 2020

These 365,841 businesses, which have 620,931 workers on their payroll, received 76,933 billion rials ($307 million) worth of loans at a lending rate of 12%.

Following the government’s approval of a 750 trillion-rial ($2.88 billion) package for low-income households and struggling businesses impacted by the coronavirus outbreak and its economic consequences, a total of three million workshops from 14 main groups of businesses and 850 subgroups were identified.

Of these three million workshops, 1.3 million have insurance codes and 1.7 million don’t. These workshops have 2.8 million insured employees and three million uninsured employees.