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Soft loans to support workers
Economical 11/06/2023
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Baghdad: morning
The Agricultural Bank launched soft loans amounting to ten million dinars, allocated to workers in the private sector, stressing that the initiative comes in implementation of the Prime Minister’s directives aimed at supporting the segment of workers covered by the (Social Security) law. A statement from the bank, received by “Al-Sabah,” stated that “in light of strengthening... The role of workers and improving their living conditions. The Agricultural Cooperative Bank decided to grant soft loans to support this segment and to develop a strategic plan and controls for granting loans that do not exceed ten million dinars, with a differential interest rate of 3 percent, and a repayment period of five years,” indicating that “deducting the first installment from the beneficiary This will take place starting from the month following the granting of the loan, noting that all commissions collected from the beneficiaries will be reduced.”
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