According to the Iran Economist from the Ministry of Industry, Mines and Trade, the global chain financing plan was formed in 2008 in US junk bonds with a recession, and the chain financing association was launched in 2010 in this country. In 2012, the Eurobank amended the rules of the scheme, Chinese banks entered the model in 2016, and today almost the whole world uses the chain financing model.
In our country, the idea of localization of a chain financing plan was formed approximately in the early second half of 1399, and the Razavi Supply Chain Management Company, under the leadership of the current Minister, Seyed Reza Fatemi Amin, began initial talks in this regard. The issue was seriously pursued in this ministry.
Based on this, a working group was formed with the focus on the Ministry of Industry, Mines and Trade and with the presence of the Central Bank and enterprises, and work was done on different models that had been studied before.
5 general models and 32 implementation methods in the chain financing plan
Then a chain financing unit was formed in the central bank and the necessary rules and regulations were amended, as well as the necessary dialogue and localization with various associations.
The first executive index was formed with Bank Sanat va Ma’dan and Saipa, Sazehgostar, Plaskokar and Saleh Shimi companies in December 1400, and the second model was localized with Iran Khodro and Tejarat Bank.
On the other hand, in the model in which the transfer of credit and documents was formed between Irankhodro, Sapco, Hadid Mobtakaran and its subsidiaries, they went to many layers and were able to execute the documents.
Today, the pilot implementation and the appropriate infrastructure required for the plan have been implemented and the step papers reform has been implemented, and it has been able to obtain a higher penetration rate.
The Monetary and Credit Council also linked some of the existing financial laws to the chain financing plan, and a comment was passed in parliament on the chain financing plan with the follow-up and support of the Ministry of Silence.
In the chain financing model, we are faced with reducing the production costs and financing of enterprises, and according to the emphasis of the Supreme Leader of the Revolution on liquidity management, one of the strategies of this plan is to direct and flow liquidity.
By implementing this plan, we will increase the efficiency of financial resources by 3.5 times. The plan reduces financial costs in a supply chain by 15 to 25 percent, from raw materials, production, distribution and distribution to the consumer, and controls people’s costs.
Razavi Supply Chain Management Group, with the necessary expertise and knowledge since 1397, under the guidance of Fatemi Amin, the current Minister of Silence, has been able to resolve major issues and essential needs of the society in the context of sanctions and within the framework of assistance to the government.
It is worth mentioning that in a joint meeting with the Governor of the Central Bank on April 17, Minister Samat announced the completion of the pilot phase of the chain financing plan and its extension to all industries from June.