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The Ministry of Labor and Social Affairs opened the door to the provision of loans to small projects for 15 thousand unemployed, stressing that lending will close the middle of this month.
The media spokesman in the ministry, Ammar Menem, said in a statement conveyed by "Sabah" and briefed by "Economy News", that the Ministry has programs for lending is a fund to support small projects and another strategy for poverty alleviation and distribution of these loans according to the population ratios of the province, while the amounts are recovered and recycled for the same He pointed out that the Department of Employment and Loans began to receive requests for inclusion in micro-credit loans launched by the Ministry last week through the website dedicated to this purpose.
He added that the ministry has opened the door of coverage of micro-enterprise loans to more than 15 thousand loans for the unemployed in Baghdad and the provinces, explaining that in the case of liquidity is possible to change the size of acceptance of loans, pointing out that the registrants in the database and have a card (advisory) dedicated to the unemployed priority In the services provided by the ministry whether it was job opportunities or loans, as well as free training, revealing that the number of unemployed registered with the ministry exceeded 600 thousand unemployed, especially as the unemployment rates and the number of graduates annually growing steadily.
Manem said that the ministry was able to recover 59 billion dinars from beneficiaries of small income-generating projects loans until the middle of last year and will be recycled to grant new loans to beneficiaries, noting that the Minister of Labor instructed to simplify the procedures for applying for loans to stimulate the private sector.
He pointed out that the ministry will close the middle of this month, the door of electronic submission of these loans, pointing out that the loan amount ranges from (5 to 10) million dinars and will be paid in the form of annual installments for five years, noting that the ministry seeks to include the largest number of unemployed with soft loans And encourage the investment of youth energies and their involvement in the labor market through the establishment of small projects can generate a steady income contribute to improve their living and economic situation in light of the decline in employment opportunities and high rates of unemployment among different groups.
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