Loans to the Hard Up Rise

EghtesdaOnline:To help encourage early marriage, lenders are required to grant 1.5 billion rials per partner if the bride is below 23 years and the groom under 25.

News ID: ۷۵۲۱۰۰

17 December 2022

Banks and credit institutions gave 1,347 trillion rials ($3.8 billion) in loans to encourage youth marriage and childbirth since the beginning of the calendar year in late March

The Central Bank of Iran said Thursday the money was given to 1.57 million hard up applicants in little less than nine months.

“Banks processed 680,000 loan applications worth 320 trillion rials [$906 million] to promote childbirth,” the CBI said in a press release seen on its website.