KD 20 million loan for unemployed

29/09/2012 11:04




Launches and the Ministry of Labour and Social Affairs in the coming
days allocations project fund to support small projects generating
income for the unemployed total amount of 150 billion dinars.




Confirmed by the director to support small projects in the Department
of Labor and Vocational Training of the Ministry Ali Abbas Salman,
noting in a statement (Center Brief for the Iraqi Media Network) that
all funds deposited into the Development Fund canceled will be converted
to a fund to support small projects generating income, which was
founded by Act No. 10 for the year 2012 in order to be distributed among
the categories covered by the project.




Salman added that the Fund based in Baghdad to him, and it is hoped to
open branches in the provinces. Salman revealed that the value per loan
does not exceed the 20 million grant to the beneficiary without the
benefits are also exempt categories covered by the project from income
tax.




He noted that the establishment of the fund is aimed at providing new
jobs and reduce the size of unemployment in the country as well as
increase production and supporting the national economy by supporting
the private sector and investment skills and human capacity,
particularly in the tech industries and software that rely mainly on
knowledge and skill that has become professions required in market
Working with the existing technological development.




He Department Manager said the ministry in coordination with the Board
of Directors of the Fund, which includes representatives from the
ministries of finance and planning, industry and trade, agriculture,
provide support for those wishing to work and able, especially in poorer
areas along train job seekers of the categories covered by the project
in the training centers in Baghdad and the provinces to match their
abilities with the requirements of the labor market and brought into the
relevant programs and adapt to the circumstances surrounding the work,
as well as assist them in obtaining official licenses to register their
projects and facilitate the procedures for obtaining the loan.




And said Salman that will define small investors investment
opportunities available to ensure investment loan amounts that will
ensure the provision of financial return to the owner and development of
criteria for the projects submitted to support their small
income-generating one hand and ensuring decent work for these categories
and expand the culture of self-employment and self-employment and
encourage individual initiatives on the other hand .


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