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The Minister of Economy announced

The Minister of Economy announced

Investment of 40 thousand billion tomans by the banking network in the knowledge-based sector

Author: SuperUser Account/Saturday, November 26, 2022/Categories: En-News, اخبار برگزیده - انگلیسی

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Referring to the possibility of banks investing in knowledge-based activities, the Minister of Economy said: For the first time after many years, we will witness the investment of 40 thousand billion tomans by the banking network in the knowledge-based sector, which is in addition to the facilities allocated to knowledge-based companies

According to the public relations report of the General Directorate of Economic Affairs and Finance of Ardabil province, quoted by the Iranian Economic and Finance News Network (Shada), Seyyed Ehsan Khandozi said: Considering that last year, about 80 thousand billion tomans of facilities were allocated to knowledge-based companies, this year, which is a special year for supporting job creation and knowledge-based companies, named by the Supreme Leader of the Revolution, the decision of the banking network is to allocate more than 100 thousand billion tomans to knowledge-based companies

Referring to the memorandum of understanding that was signed with the Vice President for Science and Technology, he said: This memorandum is a new event that has not been seen in Iran's economy for several years, because according to articles 16 and 17 of the law on removing barriers to production, banks were prohibited from participating in economic activities and investments except in special cases, and in all the past years, banks, in the form of participation, Investment and creation of joint holdings were not included in economic activity

The Minister of Economy stated: According to Article 18 of the law on the leap of knowledge-based production, which was recently approved by the Islamic Council, it became possible after several years for the country's banks to overcome the previous limitation regarding knowledge-based production, and with the participation of the Council of State Banks and the Center of Private Banks with the support of the Scientific Vice-Chancellor and the Innovation and Prosperity Fund, for the first time in several years, we will witness the investment of 40 thousand billion tomans in the country's banking network. This is in addition to the facilities that are allocated to knowledge-based companies, and in the form of guarantees, joint ventures and joint holdings, the joint knowledge sector will be supported in a special way



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