The National Fund for Social Aid agrees to reduce the interest rate for those who joined the Jarih Al-Watan project from the interest on loans

Damascus-SANA

The Board of Directors of the National Fund for Social Aid agreed to reduce the interest rate for all the wounded who joined the “Wounded Homeland” project on loans granted by public banks (agricultural cooperative, popular credit) to 2% for the total and under total disability, and 5% for the partial disability, to bear Fund the remaining percentage according to the agreements signed with those banks, and in accordance with the requirements set by them for obtaining loans.

During its meeting headed by Prime Minister Hussein Arnous, the Council decided to increase the percentage of the National Fund for Social Aid bearing the interest on the loans it obtains - all the wounded who joined the Wounded Home project - according to the agreements signed between the Fund and private banks (National Finance, Creativity) to become 8 % instead of 6%.

The Board of Directors of the Fund agreed to include those demobilized from service since March 15 2022, including those who are permanently demobilized or contracted with an annual contract with government agencies, in the lending programs implemented by the Fund, in order to provide the opportunity for everyone, without exception, to benefit from these programs.

Engineer Arnous stressed the importance of developing the fund’s work and expanding the support it provides to various segments in need and searching for the best ways to convert direct aid into permanent so that an additional and continuous source of income is secured for the needy segments, stressing the need to develop the fund’s performance and secure funding resources that support its work plan in order to achieve a direction The state to provide all possible forms of support to those segments.

During the meeting, the reality of the work of the Fund was reviewed, and the support provided to various programs (empowering the Syrian countryside and rural women, supporting and enabling the demobilized to serve the sciences and granting compensation to the wounded of the Popular Defense Forces), in addition to ratifying the annexes of agreements with a number of private microfinance banks and public banks.