Title: Central Bank Reports Surge in Marriage Loan Disbursements, Highlights Key Role of Major Banks
Article:
A National Milestone in Social Support
In a significant report on national social welfare initiatives, the Central Bank of the Islamic Republic of Iran has announced the successful disbursement of over 1,112 trillion Rials in Qard-al-Hassanah (interest-free) marriage loans. This financial support has been provided to 332,000 citizens, marking a key achievement in the nation’s social development programs. The figures, current up to the sixth month of the Persian year 1404, demonstrate that 101% of the daily allocation quota has been fulfilled, representing an 11% growth compared to the same period last year.
The Pillars of the Program
An analysis of the data reveals that the implementation of this extensive program has been primarily shouldered by six major national banking institutions. Together, these banks were responsible for approximately 75% of the total marriage loans paid, amounting to more than 737 trillion Rials.
The breakdown of their contributions is as follows:
- Bank Mellat: 56,126 loans issued, with 83,273 applicants in queue.
- Bank Melli Iran: 53,047 loans issued, with 102,715 applicants in queue.
- Bank Saderat: 37,420 loans issued, with 72,339 applicants in queue.
- Bank Sepah: 30,831 loans issued, with 45,320 applicants in queue.
- Bank Tejarat: 26,145 loans issued, with 52,706 applicants in queue.
- Bank Refah Kargaran: 16,211 loans issued, with 43,484 applicants in queue.
Streamlining for Future Efficiency
While the program’s growth is notable, the concentration of applications on a select group of banks has been identified as a logistical challenge. Banking experts have pointed to the rapid depletion of resources in these banks and the resulting lengthy queues, with over 541,000 applicants still awaiting processing nationwide.
To enhance the system’s efficiency and ensure more equitable distribution, experts have proposed strategic solutions. These include the implementation of intelligent quota management and mechanisms to guide new applicants towards banks with more readily available capacity. The introduction of a centralized registration system, which would automatically suggest a destination bank based on real-time capacity and queue length, is also being considered as a effective measure to better organize the loan distribution process for all citizens.
