Labor announces the controls and the mechanism of granting soft loans

Labor announces the controls and the mechanism of granting soft loans




05/04/2017 0:00

Baghdad / Wafaa Amer
announced the Ministry of Labor and Social Affairs controls the final presentation on small income-generating loans within the lending program.
He said ministry spokesman Ammar Menem , in a special statement »Sabah»: The operating loans department of the Ministry has identified inter controls to provide loans granted to researchers registered to work in the database, according to the priority of registration, as it must not be less than the age of the job seeker for 18 years and not more than 45 years. He added that the department requires that the borrower himself running the project, and may not be granted for a researcher to work more than one loan, are also entitled to only one member of the family to apply for the loan, and has one chance to submit.
He said Menem said his ministry embarked Fund program support income - generating projects since 2013 , according to Law No. 10 of 2012, as well as industrial services loan program , which was launched during the month of February of the year 2015, pointing out that the amounts recovered from loans are recycled to include other beneficiaries, to ensure continuity lending program.
And that the upper limit per loan fund for small income-generating projects to support, up to 12 million dinars, while the amount will not exceed within ten industrial services program million dinars paid in installments over five years, with the award of one year opacity grace and without the benefits of the continued the amount.
The spokesman for the work, that his ministry has provided facilities and developed procedures addressed through the difficulty of granting the loan, through a new plan of action to achieve the speed completion of transactions, such as related to the health of the issuance of the sponsor the borrower, and the intersection of its data, as well as e - networking between the departments completion of transactions
borrowers.
He said that the Fund 's Board of Directors is considering a proposal that includes not exceed the loan amount of eight million dinars, and thus increase the number of borrowers, as well as continue to carry out amendments to certain controls and mechanisms for lending, noting that the Fund is also considering legal action against conscientious objectors offenders in arrears to pay the amounts, and is considering a proposal another to extinguish the recovery amounts of the martyrs of the popular crowd from the ministry loans.
So Menem that the total loans granted by the department revealed, amounted to 35 thousand and 297 loans, divided by 22 thousand and 983 loan to the fund to support small enterprises, and 11 thousand and 63 loans for the strategy of poverty alleviation, as well as the 1251 loan for the rehabilitation

[You must be registered and logged in to see this link.]