Supporting knowledge-based and employment-creating companies is the bank’s priority in the new year

According to the Iran Economist, quoting the public relations of the Bank of Industry and Mines, he stated the above: Last year, 393 facilities amounting to 30 thousand and 776 billion rials to knowledge-based companies in order to increase the production of science and wealth in society Expansion of invention, innovation and commercialization of research results and its application in the design and production of quality goods and services were paid.
Dr. Khorsandian stated: In the new year, using new financing methods, we will try to pay special attention to the productive and effective sectors of the country in the sectors related to industry and mining.
He further considered the financing of the production chain as one of the new methods of financing that can significantly contribute to the targeted and optimal financing of the production sector and the maintenance and creation of sustainable employment.
He added: “With the mentioned methods, without excessive injection of money and increase of liquidity, the production cycle is set in motion and different production units of the production chain, from raw material producers to final goods, meet their needs with bank guarantees, and of course any Where money and facilities are required, banks and financial institutions rush to the aid of production units with careful accreditation and effective oversight.
The CEO of the Bank of Industry and Mines noted: “Supporting the creation and development of knowledge-based companies reduces the country’s dependence on imports, which is an undeniable advantage in the face of economic sanctions, in addition to increasing the quality of products and services based on Research and development and cooperation of industry and production centers of science and technology, the possibility of exporting the product and more currency will be.
Dr. Khorsandian stated: The category of employment and job creation rate of production projects that have technical, economic and financial justification, according to the slogan of the year and government credit policies, is another priority that is always accepted and considered in the facility application in the Bank of Industry and Mines. Attention is paid and this is especially important in the less privileged areas of the country.