Mohakeme

Main Menu

  • Home
  • Iranian news
  • Tehran
  • Iran finance
  • Iran economy
  • Lending

Mohakeme

Header Banner

Mohakeme

  • Home
  • Iranian news
  • Tehran
  • Iran finance
  • Iran economy
  • Lending
Iran finance
Home›Iran finance›Iran offers new loans to unemployed workers due to pandemic

Iran offers new loans to unemployed workers due to pandemic

By Ninfa ALong
December 2, 2021
0
0


Iran’s finance minister said two banks would start offering cheap loans to workers left jobless by the pandemic.

Iran’s finance minister said the government will provide another round of loans to workers left out of work by the coronavirus pandemic.

Ehsan Khandouzi said on Thursday that cheap loans would be offered to workers who have lost their jobs and remain in hospital due to the coronavirus.

Khandouzi said two interest-free banks would earmark loans worth 100 million rials ($ 2,380 at the official exchange rate) to heads of households left jobless by the pandemic.

He said the finance ministry will fund the program which will start this weekend.

A deputy director of Iran’s finance ministry also said on Thursday that the new loans will have a three-year repayment period and workers will have to submit easy guarantees to banks in order to receive the loans.

The new relief measure comes as the Iranian government has succeeded in drastically reducing the rate of coronavirus infections in the country through the rollout of a massive vaccination program.

The daily death toll from the disease had fallen to nearly 70, from more than 700 recorded at the height of a fifth wave of the disease in midsummer.

This has allowed the government to gradually reopen an economy that has suffered both because of the pandemic but also because of a series of illegal sanctions imposed by the United States since 2018.

Official estimates released in early 2020 had suggested that more than 1.25 million workers had lost their jobs in Iran due to the pandemic. The government paid out unemployment benefits to 1.17 million people in March.

However, labor market analysts estimate that the number of people unemployed because of the coronavirus in Iran could have risen to nearly six million at the height of the pandemic in mid-2020.


Related posts:

  1. The “ Zangezur corridor ” is a geo-economic revolution
  2. 7 places where you should always wear a mask
  3. Media Advisory – Premier’s Itinerary for Monday, May 17, 2021
  4. Iran makes great strides in developing free trade and special economic zones

Categories

  • Iran economy
  • Iran finance
  • Iranian news
  • Lending
  • Tehran

Recent Posts

  • Tension in Iraq as Sadr accuses Iran allies of meddling
  • Russian Lavrov in Iran to discuss nuclear deal and cooperation
  • Iranian Raisi pushes regional diplomacy as nuclear tensions rise | Nuclear Power News
  • Indian Orthodox tea gets a boost as crisis affects Sri Lankan trade
  • Deaths of Iranian officers probed amid rising tensions with Israel
  • Privacy Policy
  • Terms and Conditions