According to Ibena, Abdol Nasser Hemmati at the opening ceremony of the implementation operations of Productive Line of Credit (Known by its Persian acronym; GAM) on Tuesday said: "The Central Bank, along with inflation control, is sternly pursuing production boom and supporting the non-oil sector. And with that in mind we today unveiling the executive operations of a scheme which its goal is to guarantee payments owed to suppliers of raw materials and others on the supply chain.
The Governor of the Central Bank, at the opening ceremony of the executive operations of the issuance of GAM ’s at the head office of the Bank Melli, stated: " four major Iranian banks, namely Melli, Saderat, Tejarat and Mellat has taken a new step in financing the production chain with this new scheme.
"These credits are given to entities that are well-respected in their commitments and truly productive and require working capital for supplying intermediary goods," he said.
Chairman of the Monetary and Credit Council reiterated: At the meeting of the Monetary and Credit Council, we anticipated financing at least 500 trillion Rials in the first phase and on the first day funding 600 billion Rials for production units and this will grow more rapidly in the coming days.
"I am confident that the measures taken by the banking system will see ever-increasing growth in the country's production and economy",Hemmati said.
"The Supreme Leader has tasked us with boosting the non-oil sector, and we are taking the steps in that direction," the Central Bank Governor said.
