National Development Fund Earmarks 20,000 Billion Rials (2 Trillion Tomans) in Loans for Rural Job-Creating Projects

Mehr reported on Thursday, 12 November 2026 (21 Aban 1405), that an addendum to the memorandum between the Vice Presidency for Rural Development and Deprived Areas and the National Development Fund has been signed, allocating 20,000 billion rials (2 trillion tomans, equal to 2,000 billion tomans) in rial resources for rural job-creating projects. Vice President Abdolkarim Hosseinzadeh and Khodadad Gharibpour, head of the National Development Fund, signed it.

The money comes under Article 52 of the law adding certain provisions to the law regulating part of the government's financial rules, and is meant for bank loans to eligible applicants in deprived and rural areas. The loans are defined for industry and mining, agriculture, processing industries, tourism and services, transport and the building of solar power plants, and go to applicants whom the Vice Presidency approves and introduces to the lending banks.