Bank loans

Annual bank loans disbursed to knowledge-based businesses increased by more than 108%

TEHRAN – Iran’s banking system disbursed 669.4 trillion rials (approximately $2.585 billion) in facilities to 1,362 knowledge-based companies in the past Iranian calendar year 1400 (ending March 20), to record an increase of 108.2% over the previous year 1399.

As the Mehr news agency reported, Bank Mellat accounted for the largest share of paying facilities with 112.9 trillion rials (about $436 million), followed by Bank Melli with 94.4 trillion rials (about $436 million). $364.6 million) of facilities offered.

The Islamic Republic has drawn up plans to support and empower knowledge-based enterprises as a step towards realizing the goal of the year which is “knowledge-based production and job creation” as the economy struggles with US sanctions.

In April, Iran’s Industry, Mines and Trade Minister Reza Fatemi-Amin said supporting knowledge-based products was one of the country’s new priorities in setting trade policies. exterior for the current Iranian calendar year (started March 21).

“One of our foreign trade priorities is to export knowledge-based goods rather than raw or semi-raw materials,” Fatemi-Amin said.

“This year, taking into account the slogan of the year which is “Knowledge-based production and job creation”, we are completely revising the criteria for selecting the main exporting companies in the country, so that companies exporting goods based on knowledge are given more importance and would be among the best manufacturers,” said the minister.

The law for the promotion and support of knowledge-based enterprises was approved by the Majlis (Iranian parliament) in 2010, paving the way for a boost in the march towards scientific progress.

Over the past two years, the concept of “knowledge-based business” has evolved into “knowledge-based society”, which means that supporting knowledge-based businesses will lead to many social and economic benefits. for the public.

The number of knowledge-based businesses grew from around 50 in 2013 to over 5,700 in the previous Iranian calendar year.

Currently, many knowledge-based companies are active in different fields, ranging from information and communication technologies to health, agriculture and energy.

Various knowledge-based enterprises have made progress in different areas, however, the level of progress in health, ICT, agriculture and energy has been more noticeable. Of course, other sectors such as the automotive industry have so far eliminated many bottlenecks.