Support loans amounting to 10 billion tomans for the renovation of industries in the country have been approved and are currently being disbursed. This initiative aims to strengthen domestic industries and increase their productivity.
Details of the Industry Renovation Loans
These loans are provided to industrial units under specific conditions. According to published statistics, renovation loans with a long grace period and a maximum interest rate of 4 percent have been allocated to various industries. These loans can significantly assist small and medium-sized enterprises, especially in the production and service sectors.
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The Necessity of Renovating and Updating Industries
Renovating and updating industries, especially in the current economic conditions, is of special importance. Given the rapid changes in technology and market needs, industrial units must be able to adapt to new conditions. These loans can help industries invest in new equipment and technologies to improve product quality and reduce costs.
It is worth mentioning that these loans are designed to enhance production capacity and reduce operational costs in industries, especially in the fields of energy and petrochemicals. The government is striving to strengthen employment and production opportunities by supporting domestic industries.
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