More than 9,500 applications to benefit from the National Loan for Demobilized Persons

Damascus-Sana

The number of applications to benefit from the National Loan for those discharged from the military service in the branches of the National Fund for Social Aid has exceeded 9500 since registration began last September.

In a statement to SANA, the Director General of the Fund, Eng. Luay Al-Aranji, stated that the number of registrants to benefit from the loan amounted to 9572 theaters distributed in Damascus and its countryside, Aleppo, Lattakia, Tartous, As-Suwayda, Hama and Homs, indicating that the fund’s partnerships base would be expanded to allow interest-free loans to be offered to those who were discharged in the rest of the governorates or to open New branches of the National Microfinance Corporation in the rest of the governorates soon.

The granting of loans comes in implementation of the cooperation agreement signed by the fund with the National Small Finance Corporation on the 17th of last August, and its value ranges between 250 thousand Syrian pounds and 5 million pounds as a maximum.

The number of laid-offs who actually benefited from the loan reached 411 by the end of last January, with a value of 1.380 billion Syrian pounds, according to the CEO of Wataniya Small Finance, Munir Haroun.

Haroun pointed out that the cooperation agreement signed with the National Fund for Social Aid has recently been amended to attract the largest number of demobilized persons, so that it includes demobilized persons who have completed 5 years or more in military service or those who have been laid off as a result of injury resulting from war operations, regardless of years of service from those who do not receive any Salary or pension from any government agency or from any social security institution.

It also included the list of demobilized persons, after its expansion, who were laid off as a result of illness or injury not caused by war operations, regardless of their years of service, and those who were laid off because they became dependents due to the martyrdom or death of a brother or any other reason, regardless of their years of service.

On the 13th of last January, the Ministry of Social Affairs and Labor announced the amendment of the terms of benefit in terms of interest bearing rates for the year 2021 to make the total interest on the loan 10 percent, the National Fund for Social Aid bears 6 percent of the total loan interest, the theater bears 3 percent, and the National Microfinance Company. 1 percent.

Inas Svan