The Ministry of Labor and Social Affairs has launched a new phase of loan processing for registered industrial projects. A total of 192 projects have been selected for financial support, providing opportunities for small business owners to expand their operations.
According to Mohammed Osama Nasser, Deputy Director of Loans at the Ministry, this batch includes individuals who already run projects and hold industrial service licenses issued by the ministry. The ministry opened registration through the Mahn platform for over five months, allowing applicants to sign up. After reviewing applications, officials initiated loan processing for the selected businesses.
As part of the support plan, ministry representatives will conduct field visits to assess each project’s progress. Based on their findings, they will determine the appropriate loan amount, which could be 20 million, 30 million, or even 50 million dinars. The goal is to allocate sufficient funds to help business owners strengthen their operations and drive further growth.
Nasser also highlighted an important aspect of the loan distribution. Each approved loan comes with an employment requirement, ensuring job opportunities for local workers. If a project receives a 20 million dinar loan, it must employ at least one worker. For a 30 million dinar loan, businesses must have two workers, while a 50 million dinar loan requires three employees.
Since 2023, the Mahn platform has registered over 10,000 projects across various industries, including commercial, industrial, agricultural, and service sectors. The ministry follows a structured process for monitoring businesses, ensuring proper loan utilization. A dedicated committee reviews each project at the initial phase before approving the first loan installment. After the second installment, follow-up assessments continue for three months, and subsequent evaluations occur every six months.
With loan processing for industrial projects expanding through the Mahn platform, business owners have a new opportunity to secure financial support. This initiative aims to enhance small businesses, create job opportunities, and contribute to economic growth.
