According to the report of Mehr reporter, the issue of the individual ceiling of Qarz Al-Hosneh employme creation facilities graed to knowledge-based companies. the technologist and Creative was notified by the General Departme of Monetary and Credit Operations of the Ceral Bank.
In this circular it is stated: Pursua to the letter No. 03/12008 dated 01/25/1403 regarding the notification of job creation facilities subject to the items (3) and (4) of paragraphb) Note (2) of the budget law of 1403 hereby informs that according to paragraph (2) of the minutes of the Supreme Board of the Ceral Bank dated 09/13/1403, it was decided
“1- The individual ceiling of Qarz Al-Hosna loan facilities for the employme of knowledge-based companies the technologist And, creative is determined in the amou of 9 billion Rials (equivale to the ceiling of Qarz-ul-Hosna loans for legal companies graed by Qarz-ul-Hosna banks). 2- The individual ceiling of Qarz Al-Hosna loan facilities for employme, creation, developme and production projects of knowledge-based companies is equal to 30 billion Rials for each elite member of the National Elite Foundation, which is increased by 20% up to the ceiling of 50 billion Rials.
3- The repayme period of the aforemeioned facilities is a maximum of 48 mohs.
On this basis, please order to inform the releva executive units to take the necessary measures within the framework of the releva banking rules and regulations.
