Villages Set to Enter the Stock Market: Government Plan to Bring the Rural Economy into the Capital Market

The Vice President announced cooperation with the Securities and Exchange Organization to use the capacity of the capital market to finance rural production, promote rural development, and empower rural and nomadic communities.

The Vice President announced the cooperation with the stock exchange organization to use the capacity of the capital market in financing production, rural development and empowering rural and nomadic communities.

The Ambassador of Arjan-Economic Group: Abdol Karim Hosseinzadeh, referring to the signing of the Memorandum of Understanding between the Presidential Deputy for Rural Development and Underprivileged Areas and the Securities and Exchange Organization, said: For about 2 months, the experts of the Stock Exchange Organization and the Deputy for Rural Development and Underprivileged Areas have been exchanging opinions and cooperating to examine common areas. In this direction, the issue of issuing bonds and other financing methods proposed by the stock exchange organization is under consideration in the deputy economic and planning and budget department.

The Vice President for Rural Development and Underprivileged Regions, emphasizing the necessity of facilitating the access of the target community to capital market tools, added: The goal is to use the capacities of the capital market to empower rural and nomadic communities.

Referring to the various capacities of the capital market for financing social and economic activities, he emphasized: various methods of financing and types of charity funds are among the capacities that can be used in this direction.

Hosseinzadeh announced the readiness of the Presidential Office for Rural Development and Underprivileged Regions to investigate other areas of cooperation and said: We welcome any mechanism that can act as an intermediary between rural and nomadic communities, the office and institutions such as the Central Bank. This cooperation is a good opportunity to use the existing capacities in the development and empowerment of the target communities.

The CEO of the Farmers, Villagers and Nomads Social Insurance Fund announced the payment of a new support package to the fund's pensioners; An action that is carried out at the same time as the Day of Villages and Nomads for 250,000 pensioners and its amount has been announced as 25 million Rials.

The total index of the Tehran Stock Exchange reached the level of 7,977,000 units with an increase of 2.4% in Tuesday trading and was only one step away from the channel of 8 million units. At the same time, the equal weight index also grew by more than 2.3% to widen the upward wave of the market.

Tehran Stock Exchange had an upward trend in trading today, Monday, despite traders' caution, and the total index reached 7,790,000 units with an increase of 6,830 units. The equal weight index also increased and the value of small market transactions reached about 36.8 thousand billion tomans.