According to the report of Mehr reporter, the issue of the individual ceiling of Qarz Al-Hosneh employment creation facilities granted to knowledge-based companies. the technologist and Creative was notified by the General Department of Monetary and Credit Operations of the Central Bank.
In this circular it is stated: Pursuant 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 Central Bank dated 09/13/1403, it was decided
“1- The individual ceiling of Qarz Al-Hosna loan facilities for the employment of knowledge-based companies the technologist And, creative is determined in the amount of 9 billion Rials (equivalent to the ceiling of Qarz-ul-Hosna loans for legal companies granted by Qarz-ul-Hosna banks). 2- The individual ceiling of Qarz Al-Hosna loan facilities for employment, creation, development 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 repayment period of the aforementioned facilities is a maximum of 48 months.
On this basis, please order to inform the relevant executive units to take the necessary measures within the framework of the relevant banking rules and regulations.
RCO NEWS