By John Lee.
Iraq's Ministry of Labour and Social Affairs has launched a lending initiative aimed at reducing unemployment by providing job opportunities for registered unemployed citizens.
Under the programme, the Ministry's Department of Labour and Vocational Training -- through its Small Projects Funds -- will issue loans for the purchase of modern passenger vehicles with capacities ranging from 11 to 21 seats.
The loans will be granted exclusively to unemployed individuals registered in the Ministry's database who also hold the appropriate driving licences. The plan includes accrediting specialised transport companies to employ the borrowers and their vehicles through contracts with government entities requiring staff transportation.
The scheme also includes the development of an electronic application for citizen transport requests, as well as services for school and university students and private-sector companies. Qualified transport firms, approved by the Ministry, will contract the borrowers under annually renewable agreements for vehicle-and-driver hire. Monthly wages will be paid via bank cards, with deductions applied for social security contributions.
(Source: PMO)
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