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Parliamentary Committee: Ministry of Labor will allocate 20,000 loans for small projects in the budget of 2020
17:37 - 07/09/2019
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The Ministry of Labor and Social Affairs will allocate 20,000 loans to support small projects within the federal budget bill for 2020, the Labor and Social Affairs Committee said on Saturday.
Committee member Fadel Jaber said in a statement to the information that the Ministry of Labor has directed to solve the unemployment crisis by extending loans to small projects, pointing out that the budget 2020 will be allocated 20 thousand loans to support the unemployed and small projects.
He added that "loan funds will range from 10 million to 15 million Iraqi dinars and will be granted to small entrepreneurs exclusively," noting that "the Ministry of Labor was allocated 10,000 loans, but the expansion of unemployment pushed to raise the number of loans to 20,000 loans."
The Committee on Labor and Social Affairs of Parliament, earlier, the existence of a government orientation to rehabilitate Iraqi factories and prevent the entry of consumer goods to the country, among the fact that the reactivation of local industries will eliminate the crisis of unemployment. Finished 25 T.
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