EGP 2.6 M of loans offered to finance 297 projects in 13 governorates- minister – Egypttoday
- Date: 01-Aug-2020
- Source: Egypt Today
- Sector:Financial Markets
- Country:Egypt
EGP 2.6 M of loans offered to finance 297 projects in 13 governorates- minister – Egypttoday
An employee counts money at an exchange office in downtown Cairo (Photo credit: Reuters/Amr Abdallah Dalsh)
The main target of the Local Development Fund is to finance several projects to support the households and women in increasing their incomes, Shaarawi said.
This target should help in raising the standard of living to the people in rural areas, creating jobs, and lowering the unemployment among the youths and female breadwinners in villages and the neediest areas, he added.
The projects were carried out in 13 governorates, namely: Minya, Dakahlia, Sharqiya, Kafr el Sheikh, North Sinai, Sohag, along with Beni Suef, Fayyoum, Menoufia, New Valley, Damietta, Qena, and Assuit.