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Launch Central Bank loans to finance agricultural projects
An economy Since 2016-07-06 at 10:49 (Baghdad time)
Baghdad scales news The Ministry of agriculture, said Wednesday, launching agricultural loans from the Central Bank by ACB bin by 33% and equivalent (1, 650) trillion dinars.
According to a statement by the Department of public relations and international cooperation at the Ministry received/balance of news copy, "the Committee completed the preparation of the controls and instructions and regulations according to the approved lending mechanisms functioning by Mr Prime Minister," indicating that "a detailed report was prepared for the preparatory phase.
The statement said that "firing mechanisms were approved electronic forms to apply for agricultural and industrial and residential loans pursuant to the recommendations of the preparatory phase of the Supreme Committee of the Iraqi Central Bank loans allocated to various projects including small."
He continued, "these projects aim to provide significant employment opportunities for young people and graduates and women working on raising the standard of living of citizens and move the wheel of development", adding that "the Ministry circulated launching mechanisms of electronic forms of agricultural loans to all circles and companies and divisions.
He noted that "abstract lending mechanisms for small (500) million SMEs (3) billion dinars, and large projects in excess of 3 billion dinars and not more than 20 billion dinars, and strategic projects of more than 20 billion dinars where loan (5) years, except for a one-year grace period, apply to the agricultural Bank.
The statement stressed that "the total amount of loans (6, 5) trillion dinars, with shares of other sectors increased by 33%, equivalent to (1, 650) trillion dinars for Industrial Bank, housing fund by 17% up (850) billion dinars in the same for real estate Bank, dyed with the share of private banks by $ 1 trillion of loans which promotes 50 million for small and medium-sized enterprises." over 29/34