New instructions for paying off production loans were announced
In a directive to the Banking Network, the Central Bank issued a Banking Guidelines for Financing Small and Medium-Sized Enterprises in 1398, according to which banks and credit institutions are required to agree to facilities or items approved in the Facilitation Working Group within a maximum of one month or Refer the reasons for your disagreement with the documentation to the Board of Experts on the Elimination of Barriers to Production.
According to Iran Stone Exhibition, in line with financing of SMEs and with this year's naming of "Production Boom" by the Supreme Leader and following the announcement of SME financing guidelines for the past three years and taking the approach Regulatory assistance provided a more appropriate basis for financing these units.
According to the information received from the registration system of production units, the performance statistics of this project during the last year indicate the financing of twenty-three thousand three hundred and twenty-eight small and medium enterprises with a total allocation of eighty-nine thousand nine hundred two hundred and sixty. And it is two billion riyals through a bank network dedicated to businesses.
This performance demonstrates the willingness of the banking system to implement the supreme leadership's assertions and government policies to support more and more small and medium-sized manufacturing units, thus enabling optimal and sound management of available financial resources to improve employment and economic growth. Provide the country.
Sixty-five percent of bank facilities go for working capital
This year, too, given the specific economic conditions and cruel sanctions imposed on the country, the central bank is set to pave the way for national production and support businesses in realizing the slogan of productive prosperity, guiding community liquidity to productive sectors and financing domestic producers. It targets at least sixty-five percent of all business financing facilities.
Therefore, given the sensitivity of economic conditions, operating banks should pay more attention to the financing of small and medium-sized enterprises than ever before, and with greater sense of responsibility, and despite prioritization of resources and problems and credit constraints, prioritization Facilities make it possible to achieve the goals set in the production boom year.
In this regard, the Central Bank has issued the "SME Financing Guidelines for 1398", which aims to take into account the current conditions and requirements of the country's banking system, taking advantage of the results of this plan over the past three years. Optimizing the use of limited resources of the banking system, correcting the shortcomings of the implementation of the production boom plan in previous years, taking into account the country's banking network.
Pursuant to Article Five of the Instructions, banks and credit institutions are required to agree to the facilities or items approved in the Facilitation Working Group within a maximum of one month or to provide reasons for their opposition together with the relevant documentation of the Board of Experts referred to in Article (sixty-two) of the Act. Refer to the Law on Removing Competitively Produced Barriers and Promoting the Financial System of the Country.
* ISNA
