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Qatar Development Bank (QDB) has launched an initiative to motivate existing Qatari companies that completely settled their loans under the National Response Guarantee Program (NRGP).
QDB said the new initiative, which grants companies zero interest rate short-term loans comes within the framework of the Amiri gesture and the directives of HH the Amir that grant loan waiver for companies benefiting from the NRGP.
The NRGP was introduced to back the private sector amid the COVID-19 pandemic challenges, allocating 100 percent guarantees through QDB to local banks. Page 6
