Lending Is Prioritized for Contract Farming

EghtesadOnline: The Central Bank of Iran has instructed lenders to apportion at least 20% of their loans to the agriculture sector through supply chain finance (SCF) and the contract farming scheme.

News ID: ۷۵۱۸۴۷

10 September 2022

The Central Bank of Iran has instructed lenders to apportion at least 20% of their loans to the agriculture sector through supply chain finance (SCF) and the contract farming scheme.

In a bylaw the CBI said private farming companies, export-based and knowledge-based agro firms must be given priority for loans, the CBI website reported.

Back in January, the CBI announced the SCF program to improve lending efficiency and navigate bank resources toward the production sector.