Work confirms the granting of soft loans to raise the capacity of the private sector

A spokesman for the Ministry of Labour and Social Affairs Ammar Menem in a written statement / dinars / received a copy of it: that the ministry, confirmed the granting of micro-credit income-generating in order to raise the private sector capacity and not rely on private oil exports after lower prices and the state of austerity we are going through.

He added that the Board of Directors stressed during the meeting the need to activate the hot loans to the provinces, especially the province of Nineveh, as well as the importance of concerted efforts through coordination with the provincial councils to urge citizens to apply for soft loans to set up small income-generating projects.

He explained that the ministry has since lent to embrace the granting of loans within the fund to support income-generating projects for the period from 01/12/2012 until 12/31/2015 (18190) micro-projects in Baghdad and the provinces except the province of Kurdistan and (10250) micro-projects in Baghdad and the provinces except the province of Kurdistan Within the national strategy for poverty alleviation during the same period.

And between Menem: that the Fund's Board chaired by the Minister of Labour and Social Affairs and consists of seven members of the rank of director general of the ministries (labor and social affairs, finance, planning, industry, minerals, trade, agriculture, and the Directorate General for Industrial Development) and the Council may enlist the expertise and competence in issuing its decisions.

The fund to support small income-generating projects grants loans to set up small businesses for job seekers registered at the base of the ministry data covered by the program Industrial Services No. 30 of 2000, inter alia strategy of poverty alleviation of the poorest groups in society and they (the widows and divorced women heads of households, and persons with disabilities of the poor, unstable families and places in the landfill, and those released from prison who ye profession in prison, and the beggars of the people of the province without the other, and researchers working poor especially breadwinners for their families, and displaced people returning to their home areas).

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