Banking and insuranceEconomical

498 billion Rials of Cooperative Development Bank facilities for four production units in West Azerbaijan


According to the report of Iran Economist, Mohammad Sheikh Hosseini during his visit to Bukan Polyethylene Cooperative Company discussed the difference between capitalist economy and economy based on cooperation, consolidation of small capitals, human-centeredness of cooperation, cooperation and democratic control and intellectual and economic participation of members, attention to society, direct employment. The shareholders are members based on their talent, expertise, interest and common needs in the cooperative.
The head of Cooperative Development Bank considered the experience of family cooperatives to be successful according to past experiences and following the example of authentic cooperatives, and he called economic and intellectual participation, empathy, cohesion, cooperation and coordination as the key to the success of this kind of cooperatives and added that Cooperative Development Bank is the economic arm of the government. In the cooperative sector, it is concerned with solving the problems of cooperatives, and basically, this bank belongs to cooperatives.
Sheikh Hosseini stated that the creation, development and support of cooperatives are important for moving the wheel of the resistance economy and creating employment and added that the Cooperative Development Bank has used its capacities in the service of production and employment and in these visits it was also observed that the management of the province Like other provinces, West Azerbaijan has a great desire to help domestic production and create employment.
Bukan Polyethylene Cooperative Company is one of the cooperative companies active in the field of production of polyethylene pipes, which has received 48 billion rials from the Cooperative Development Bank.
After visiting the projects supported by the Cooperative Development Bank in Bukan, West Azerbaijan, he visited the 3,000-ton Siamand Azizpur cold storage facility, which was built with 60 billion riyals from the National Development Fund, and it was decided that the location of Paragraph A of Note 18 for development The capacity of this morgue should be paid.
Sheikh Hosseini visited Arum Trailer Company, a producer of all kinds of trailers, this company has received a credit limit of 200 billion Rials from the Cooperative Development Bank, and 880 items of facilities have been paid to the buyers of the company’s products through a memorandum of understanding.
He also paid a visit to Bam Gostaran, a producer of Izogam waterproofing products. This company has also benefited from the 190 billion Rials of the Cooperative Development Bank’s facilities for production purposes and job creation.

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