Use of bank loans of small areas of non-productive
21/05/2012 0:00
BAGHDAD - The morning
revealed the parliamentary finance committee received complaints from state banks not to invest small financial loans granted to citizens, in the areas of establishing investment projects, indicating that it will be realized to determine the investment funds for the implementation of projects agreed upon. And transfer (Center news for the Iraqi Media Network), a member of the Committee Secretary Hadi as saying that "there are complaints from banks, including agricultural banks that small financial credits granted to farmers for the development of the agricultural situation are not spent on the agricultural field, but use some to buy cars," explaining that "the all large loans imposed by censorship, and even the small no mechanisms to control which range from $ 10-20 million dinars, and this need to follow a minute to learn the fate of that money. "
and the Bob that "his committee will conduct a follow-up loans have limited fiscal income granted by government banks for citizens to make sure used in areas granted on this basis. "The banks and government agricultural loans of small, medium and large farmers to encourage them to develop agricultural production, one of the paragraphs of the agricultural initiative adopted by the Iraqi government
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