Exciting News from Iran: Loans to Start-Up Companies Soaring! Iranian banks have seen a significant increase of 135% in loans granted to start-up companies in the second month of the current Iranian year compared to the same period last year. According to Iran’s Central Bank, 730 start-up companies received loans worth approximately 269 trillion rials (around $708 million), a substantial leap from 115 trillion rials (about $301 million) received by 575 start-ups in the same period last year.
The statistics reveal that state-owned banks provided loans worth 57.2 trillion rials (approximately $151 million) to 233 start-up companies, marking a 22.8% increase from last year. Meanwhile, non-state banks invested about 212 trillion rials (around $557 million) in 663 start-up companies, showing a remarkable 139% surge from the previous year.
The Iranian government’s focus on supporting start-ups in various sectors such as energy, agriculture, and industry is evident in their efforts to maximize the benefits of their potential. This positive trend reflects a promising future for entrepreneurial endeavors in Iran.
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