Payment of 13,000 billion rials for non-oil export support facilities

Payment of 13,000 billion rials for non-oil export support facilities
  • 2020-10-05
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13 thousand and 327 billion Rials facilities have been paid in the form of a package to support the development of non-oil exports since February of last year.

According to the International Iranian Stone Exhibition, in order to finance, encourage and support exports, a package to support the development of non-oil exports was announced by the First Vice President on the 3rd of Bahman last year.

In order to direct resources in order to achieve export goals and also to facilitate and accelerate the process of payment of working capital facilities to production-export units with the aim of exporting priority products to target countries, integrated system of granting package facilities to support the development of non-oil exports from Development Fund resources National and operating banks of the contracting party were launched on the "Behinyab" website of the Ministry of Industry, Mines and Trade at www.behinyab.ir.

Applicants for registration of facilities in this system are registered and their application is processed automatically and after approval to one of the operating banks of Parsian, Iran Export Development, Agriculture, Cooperative Development, Iran Export and Joint Bank of Iran and Venezuela, for approval And facility payment will be sent.

According to this report, the resources intended for the mentioned package facilities from the resources of the National Development Fund are 20 thousand billion Rials, which, taking into account the contribution of the banks, the total amount of resources created will reach 40 thousand billion Rials.

Among the mentioned banks, the Export Development Bank of Iran had the best performance by paying 109 facilities worth more than 12 thousand billion Rials and Parsian Bank with zero Rials had the worst performance.

The annual interest rate of Rial facilities is 14.5%.

Foreign exchange facilities in the form of buyer credit to foreign buyers of Iranian goods and services, seller credit for equipping the workshop and working capital of Iranian companies producing export goods and technical and engineering services, as well as opening documentary credit and valid contracts in the field of technical and engineering services , Is granted.

The ceiling of Rial facilities payable to each applicant is equal to a maximum of 20 billion Tomans and foreign exchange facilities are a maximum of one million Euros.

Terms of use of the closed facility

Companies applying for the facility must have exported at least € 1 million over the past three years, although knowledge-based companies and early export companies are exempt from this requirement and are subject to the terms of credit approval by the operating bank.

Also, the export destination country must be one of the 15 neighboring countries or two countries, India and China, and the goods or services must be included in the export list.

* IRNA