Iran Revives Rural Cooperation Fund: Deputy Minister

TEHRAN (Tasnim) – Iranian Deputy Minister of Agriculture Jihad Hossein Shirzad said the country has revived rural cooperation fund as part of efforts to empower local producers and farmers.

Iran Revives Rural Cooperation Fund: Deputy Minister

Shirzad, who is also the CEO of the Central Organization of Rural Cooperative (CORC), said the revival of Iranian Rural Cooperation Fund came after repeated requests made by farmers and small scale producers in Iranian villages across the country.

He noted that the fund will provide members with financial support and will remove the obstacles encountering them by offering low interest facilities for procuring raw materials.

Shirzad added that the Iranian Rural Cooperative Fund was formed based on an old cabinet decision.

He announced that at the moment the fund has 2070 legal members including 2012 rural cooperative firms and covers 4 millions producers of agricultural and 58 unions of rural cooperative firms and under an investment fund of 152.315.100.000 rials.

He added that the fund is working within specific framework and owns 95 branches which are active in different Iranian provinces.

Pointing to reforms done on the statute of the fund, Shirzad said reforms are aimed at providing financial support for the producers throughout the chain of production and trade of agricultural products.

He underlined that the reforms have been approved by the fund general assembly.

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