Babylon University launches Central Bank loans for graduates to support projects
Babylon / Mohammad Iqbal
the head of the University of Babylon Adil Hadi al - Baghdadi , in a statement received (range Press), a copy of which, " the university administration has launched loans allocated by the Council of Ministers for small and medium - graduates, amounting trillion and a half trillion dinars out of six trillion dinars for the sectors ofagriculture, industry, commerce, housing ,. in order to rehabilitate and prepare the graduate to work in theprivate sector . " He said al - Baghdadi, that " the grant of such loans will be made by the Central Bank ofIraq, after the university offers a feasibility study of the projects presented by the graduates , " calling ongraduates of the University of Babylon to "take advantage of these loans."
And the President of the University of Babylon, " the 30th of March this deadline to apply for these loans through private banks in the province of Babylon , "pointing out that" earmarked for small amounts will reach 50 million per project. "
He said al - Baghdadi, that" can a group of graduates to apply for one loan, up to JD 100 million average for the project , "stressing that" the repayment of the loan will be in the form of easy installments, provided that these projects be consistent and compatible with the labor market. "
the statement quoted the director of quality and performance of university teacher assistant Sana Salman Shendi saying assurance, that" who wants Apply for loans reviewing the computer center - mail in thepresidency of the university, and bring support graduating from the University of Babylon certified by the clerk college amended graduate them and pledged to undertake as being unemployed. "
she Shendi, that" Raghib must submit a study mini feasibility of the project loan, in addition to It brought support housing with four archives and two passport photos. "
turn training and Employment Division at the university official Hadi Khalif Hegel said , according to thestatement," the single loan amount of 50 million dinars, and can be increased to 100 million dinars, if this is the project of the distinctive development projects . "
said Hegel, that" the payment of the loan amount will be over five years the amount of interest does not exceed 4% , "noting that" the recovery of the loan start will be after six months of receipt of payment. "
the Central Bank of Iraq, had announced in (23 of June 2015), the launch of the loan amounts medium and small enterprises by the Iraqi private banks beginning in July 2015, while between the loan amounts of up to 50 million dinars, he stressed that banks benefit will not exceed 5.5%.
The cell , the governmental crisis , headed by the Prime Minister, Haidar Abadi acknowledged, in August 2015, the lending program , which is funded by the Iraqi Central Bank amounting to five trillion dinars , distributed by 33% to agricultural and industrial banks and 17% for each of the Land Bank and housing fund, as well as thecentral bank financing of private banks in the amount of one trillion dinars for the implementation of small and medium enterprises .