Allocating 20,000 billion rials in facilities to knowledge-based companies

According to the financial monetary news, quoting the public relations of the Export Development Bank of Iran, Seyed Ali Hosseini, CEO of the Export Development Bank of Iran stated: 10 thousand billion rials of these facilities from Note 18 of Budget Law 1400 (resources from energy saving) And another 10 thousand billion rials will be provided from the resources of the Export Development Bank.
He reminded: the mentioned facilities at a rate of 9% per year, in the form of working capital and plan, will be granted to knowledge-based export-oriented companies in the field of oil, gas and petrochemicals during the one- and five-year repayment periods, respectively.
Noting that 60 percent of the consolidated facilities agreed under the contract will be allocated to working capital and 40 percent to projects, he said: “Knowledge-based companies requesting these facilities must submit a letter of recommendation from the Ministry of Oil to the bank.”
At the end, the CEO of the Export Development Bank of Iran announced his readiness to provide facilities in the shortest possible time to the applicants who have completed their credit file and the relevant matters have been completed.