Drivers account for majority of coronavirus loan applicants in Iran

Public transportation operators, educational centers and beauty salons account for majority of applications submitted for the government-backed coronavirus bailout loans, Iran’s Ministry of Cooperatives, Labor and Social Welfare has announced.

21 September 2020
ID : 22577
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Public transportation operators, educational centers and beauty salons account for majority of applications submitted for the government-backed coronavirus bailout loans, Iran’s Ministry of Cooperatives, Labor and Social Welfare has announced.

Women’s clothing shops, gyms, rehabilitation centers for disabled persons and not-for-profit schools follow the list.

Over 492,000 applications have been registered via the ministry’s website for receiving the loan. Among them, 289,000 were from public transportation operators, educational centers and beauty salons, the data released by the Ministry of Cooperatives, Labor and Social Welfare shows.

Following the government’s approval of a 750 trillion-rial ($2.78 billion) package for low-income households and struggling businesses impacted by the coronavirus outbreak and its economic consequences, three million enterprises from 14 main groups of businesses and 850 subgroups were identified. 

Of these businesses, 1.3 million have insurance codes and 1.7 million are without. They have 2.8 million insured employees and three million uninsured employees. 

According to Governor of the Central Bank of Iran Abdolnasser Hemmati, banks have paid 44 trillion rials ($163.26 million) worth of coronavirus loans to businesses over the past one and a half months, Mehr News Agency reported.

 

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