According to the Ministry of Industries, Mining and Trade, the country’s industrial and mining units submitted 2,010 loan applications over the period, of which 1,087 worth 82,674 billion rials ($296.32 million) have been introduced to designated banks, IRNA reported.
Top three provinces in terms of loan payments in H1 were Qom with 2,975 billion rials ($10.66 million) for 46 projects, Khorasan Razavi with 2,837 billion rials ($10.16 million) for 53 projects and Tehran with 2,449 billion rials ($8.77 million) for 32 projects.
South Kerman region registered the lowest sum of loan payments with 74 billion rials ($265,232) for five projects.
As per Clause 18 of the current year’s Budget Law (March 2020-21), the government is obliged to create 11,000 jobs through loan payment at the lending rate of 14% in developed areas and 12% in less-developed areas.