Payment of additional facilities of the National Development Fund to rural and nomadic projects – Mehr News Agency | Iran and world’s news
According to the Mehr news agency, quoting the Radio and Television of Iran, all applicants for Rial facilities of the National Development Fund, which have been financed by this law until the end of 1399, can apply for up to 40% of the initial facilities through the institution providing the initial facilities. Receive additional facilities.
Users of the “Law on Support for Development and Creation of Sustainable Employment in Rural and Nomadic Areas Using the Resources of the National Development Fund” by referring to one of the operating institutions through which they initially received the initial facility; They can apply for additional facilities to meet the terms and conditions of payment of additional facilities in the credit elements of banks, including “ensuring that the plan is operational within a maximum of one year” and other criteria that the fund has already in a special form It has set out for banks to take advantage of this opportunity, as well as instructions issued by the Ministry of Cooperatives, Labor and Social Welfare, “in proportion to the progress of the project”.
According to the report on the performance of facilities granted from the foreign exchange and rial resources of the National Development Fund, in line with the law to support development and create sustainable employment in rural and nomadic areas using the resources of the National Development Fund (approved in 2017), according to which to achieve policy goals In general, the National Development Fund has been allowed to use the National Development Fund, equivalent to $ 1.5 billion in Rials, from the resources of the National Development Fund to the financial institutions designated in this loan, with the aim of promoting production and creating sustainable employment in rural and nomadic areas. The law should deposit these resources to provide facilities to individuals and non-governmental legal entities to create employment in villages and towns with less than 10,000 people located in border and nomadic areas.
The National Development Fund has deposited 97.5 trillion rials (equivalent to $ 1.5 billion) in banks or funds selected by law in five stages in 1996, 1997 and 1999.
In the first nine months of 1999, in accordance with the announcement of the fifth stage of allocation of credit for the Law on Sustainable Development in Rural and Nomadic Areas, an order was taken to withdraw the unused balance of these credits in the amount of $ 245 million from the National Development Fund to the Central Bank. The clause of the notified contract, the share of the amount of Rials related to the two operating banks has also been deposited in their accounts.
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