Title: Landmark Welfare Loan Initiative Launched for Oil Industry Pensioners
In a significant move to bolster the economic resilience of its retired workforce, a new online system is now facilitating access to a major welfare loan for pensioners of the oil industry. This initiative, developed in close cooperation between the oil industry pension funds and Tourism Bank, underscores a commitment to enhancing social welfare and economic security.
A Boost for Economic Well-being
Dubbed the “Welfare Loan Scheme,” this program offers substantial financial support, with loans ranging from 200 to 300 million Tomans. A key feature is its highly favorable 4% profit rate, designed to make repayment manageable for retirees. The scheme specifically prioritizes pensioners receiving lower monthly incomes, ensuring that the most vulnerable segments of this community are supported first.
Streamlined Online Access
A cornerstone of this initiative is its fully digital application process via the “SAMA” system, eliminating the need for in-person visits and making the service accessible from anywhere. The step-by-step online procedure guides applicants from initial request through to the issuance and delivery of a bank card to their registered address. This efficient mechanism is widely praised for its transparency and speed.
Expert Endorsement of Social Impact
Economic experts highlight the scheme’s potential for profound social impact. They suggest that providing such substantial credit with a low profit rate will directly alleviate financial pressures on retirees, increase their purchasing power, and contribute to long-term social welfare by reducing economic disparities within this important segment of society.
The Welfare Loan Scheme represents a tangible step in supporting the retired pillars of the nation’s vital oil industry, combining financial assistance with modern, user-friendly technology to effectively meet their needs.