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Labor completes procedures for launching the 43rd batch of soft loans
Iraq 09/08/2024
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The Ministry of Labor and Social Affairs is preparing to launch the 43rd batch of soft loans for job seekers and beneficiaries of protection within the (Arzaq) program in the coming days.
The ministry’s spokesman, Najm Al-Aqabi, told Al-Sabah: The ministry has completed the procedures for launching the 43rd batch of soft loans, which includes more than five thousand loans for job seekers registered in the database and beneficiaries of social protection within the (Arzaq) program in the coming days. He pointed out that many procedures for obtaining loans have been facilitated and that routine circles in completing transactions have been reduced in support of young job seekers, especially after extending the period of its promotion for borrowers whose names appeared in previous batches from three months to six to enable them to complete the legal procedures required of them, in addition to involving them in training courses provided by vocational training centers in Baghdad and the governorates to develop their skills. Al-Aqabi added that the Minister of Labor, Ahmed Al-Asadi, had previously directed to extend the age of loan applicants to 60 years to allow them the opportunity to enter the labor market, as the ministry began the procedures for accepting applications from this category for the purpose of including them in the lending programs during the upcoming payments. He noted that the process of collecting loan installments is carried out smoothly, because the ministry grants the loan in installments and the borrowers are enrolled in training courses to establish real projects with economic feasibility and are directly followed up by the ministry. He explained that the amounts allocated for the lending programs amount to 400 billion dinars, and the amount of one loan ranges from 30 - 50 million dinars.
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