Loan interest subsidy program for buyers of Iranian mining machinery

According to the report of Public Relations of IMIDRO, With the aim of developing domestic products and supporting domestic producers, Mining Investment Insurance Fund will provide up to 4% of the loan interest as a subsidy to the miners who buy Iranian mining

machinery, chairman of the board of IMIDRO stated. Referring to IMIDRO's policies to strengthen domestic production, the Deputy Minister of Industry, Mines and Trade said: "The combination of these measures will lead to the of the accomplishment of 'Production Jump' agenda."

He added: "IMIDRO had agreed with the proposal of the Mining Investment Insurance Fund to support the manufacturers of mining machinery before, and recently the approval of the IMIDRO Board has been issued in this regard."

Mining Investment Insurance Fund operates as one of IMIDRO's subsidiaries. The performance of this institution supporting the private sector mines during the last two years matches the performance of past 16 years. The services provided by this insurance fund are mainly focused on low-income areas of the country.