Rewritten Title: Gilan Retirees Receive Major Financial Support with 55 & 15 Million Toman Loans
Article:
Financial Boost for Retirees in Gilan
In a significant move to support retirees, the State Pensions Fund in Iran’s Gilan province has successfully disbursed the sixth round of its essential loan program. According to Sajad Mohammadian, the Managing Director of the fund, 1,500 retirees in the province have benefited from this latest phase. This brings the total number of recipients across all phases to 8,500 individuals, marking a substantial commitment to retirees’ welfare.
Loan Details and Purpose
The essential loan, amounting to 55 million Tomans, is designed specifically to bolster the livelihood of retirees. It features a 4% service fee and is to be repaid over a 65-month period, providing a manageable financial solution for pensioners.
Expanded Support Schemes
The financial assistance extends beyond the essential loan. Under the “Arbaeen” loan scheme, a sum of 15 million Tomans has been allocated to 1,391 Gilani retirees who participated in the Arbaeen pilgrimage.
Furthermore, the “Hamideh” scheme, which supports university theses, has also provided financial facilities to retirees and their children. For instance, 16 doctoral students and 25 master’s students, who are children of retirees, have each received 15 million Tomans in support.
Comprehensive Loan Portfolio for 2024
The support for national retirees in the current Iranian year (1404) is both wide-ranging and tailored. The available loan portfolio includes:
- Essential Loan (55 million Tomans, a 47% increase from the previous year)
- Arbaeen Pilgrimage Loan
- Children’s Marriage Loan (65 million Tomans)
- Housing Loan (35-55 million Tomans, depending on salary and conditions)
- Home Renovation Loan (available through various banks)
A key feature of most of these loans is their accessibility. They typically do not require heavy collateral or guarantors, and repayments are conveniently deducted directly from the retirees’ monthly pensions, simplifying the process and reducing financial strain.