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The Department of Labor in Najaf recovers 28 billion dinars from loan amounts
Iraq 04/10/2023
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The most honorable Najaf: Hussein Al-Kaabi
The amounts of loans recovered by the Labor Department in Najaf since 2015 until now amounted to about 28 billion dinars within the Small Enterprise Loan Fund, the Poverty Alleviation Strategy and the Business Incubator Loans Program. The director of the department, Qais Al-Shibli, told Al-Sabah: Small business loans were launched in 2014, while business incubator loans are in 2022, although the program started in 2019, but its implementation was delayed due to the demonstrations and then the Corona pandemic. He added that the governorate ranked second in terms of refunds, despite the delay in repaying small loans. Al-Shibli urged the borrowers to expedite the payment, because these amounts belong to the Small Loan Fund, and through them new applicants are loaned. It will be studied and then submitted to the Ministry of Labor and Social Affairs for approval.
He stated that the ministry is currently working on monitoring and following up foreign workers to contribute to reducing unemployment for their local counterparts, stressing that the ministry gave an amnesty for a period of 45 days so that employers can correct their position, and also reduced the work permit fee for them to 250 thousand dinars annually.
Edited by: Ali Mouafaq
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