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Development fund to support small income-generating
01/08/2011
Allotted 150 billion dinars from the treasury of the state
BAGHDAD - Muhannad Abdul Wahab
Heading for the House of Representatives during the next two weeks to pass legislation supporting small income-generating in order to secure new jobs and reduce the size of unemployment.
According to a copy of the draft law obtained by the "morning", the government seeks, through this law to develop a fund to support small income-generating in the Ministry of Labour and Social Affairs. Is devoted to this fund, according to the law, the amount of 150 billion dinars can be increased, which will be awarded entrepreneurs loans of not more than 20 million dinars. The following is the text of the bill:
Name of the people
Presidency of the republic
Based on what passed the House of Representatives and endorsed by the President of the Republic, according to the provisions of subsection (I) of Article (61) and item (iii) of Article (73) of the Constitution.
Issued the following law:
No. () for the year 2011
Law supporting small income-generating
Chapter One
Definitions and scope of force
Article - 1 - The following terms, for the purposes of this Act shall have the meanings definitions:
First - the project: The project is generating a small income to exceed the number of employees on ten (10) people.
Second - the entrepreneur: the person the beneficiary of the loan.
Third - the loan: the amount not exceeding the (20000000) twenty million Iraqi dinars, without interest.
IV - unemployed: job seekers registered at employment offices.
V - vulnerable, people who are covered under the provisions of this law and are identified in accordance with instructions issued by the Minister.
VI - Incubation: The party that aims to support and develop the economic activities of small business through the provision of professional creators who have advanced ideas.
Article - 2 - The provisions of this law on small income-generating existing and new.
Chapter II
Establishment and objectives
Article - 3 - First established in the Ministry of Labour and Social Affairs called the Fund (the Fund to support small income-generating) has legal personality and is represented by the Minister of Labour and Social Affairs or his nominee.
Second - is dissolved, all funds deposited into the Development Fund to fund the defunct support small income-generating organized under this law.
Article - 4 - be the Fund's headquarters in the city of Baghdad, and may open branches in Iraq.
Article - 5 - This law aims at the following:
First - securing new jobs and reduce the volume of unemployment.
Second - provide support for those wishing to work and who can be covered by the provisions of this law, especially in poorer areas.
Third - re-training job-seekers of the categories to suit their abilities with the requirements of the labor market and brought into the work-related programs and to adapt to working conditions around.
IV - increasing productivity and supporting the national economy.
V - Control of the reality of the labor market and its changes to deal with changes in the rates of unemployment.
VI - to help entrepreneurs of the categories covered by the provisions of this Act to obtain official licenses to register their projects.
VII - Encouraging the establishment of incubators in the attribution of established enterprises.
VIII - follow the simplified procedures will help to register the project.
IX - investment skills and human capacity in technology and software industries that rely mainly on knowledge and skill.
Chapter III
Directors of the Fund
Article - 6 - Manages the Fund's Board of Directors consists of seven (7) members from the following:
First - Minister of Labour and Social Affairs as Chairman.
II - representatives from the following ministries to less degree all of them members of the General Manager
A - Ministry of Labour and Social Affairs.
B - The Ministry of Finance.
C - Planning.
D Ministry of Industry and Minerals / General Directorate of Industrial Development.
E Ministry of Commerce.
And the Ministry of Agriculture.
Third, the fund manages employee holds the title director of a university degree, at least initially attributed the Minister of Labour and Social Affairs of the Ministry staff.
Fourth, the Board of Directors shall be elected by secret ballot in his first meeting as Vice-President of the Council.
Article 7 of the Council meetings will be organized and how decisions are made when an internal system issued by the Minister.
Article 8 of the Council may enlist the expertise and competence in all aspects of his works for remuneration determined by the Chairman of the Board members and experiences.
Article 9 The Council to achieve the objectives of this law the following tasks:
First proposal of policy lending and repayment in accordance with this law.
Second, the approval of loans and facilities according to guidelines established for this purpose.
Third, small enterprise development through:
A planning, coordination and promotion of their proliferation.
To work on funding.
C help in getting what you need from the services.
D training of persons working for them.
Fourth, give opinion and advice to studies and statistics that provide the foundations necessary to harmonize the operation of groups and the government's economic policies.
V. development of criteria for the projects covered by the provisions of this law.
VI coordination of activities and services of the permanent financing with the Government's development plans which promote economic and social development.
VII definition of small investors to investment opportunities
VIII - support the role of social partners as organizations of employers in providing support services and expertise to small enterprises.
IX propose draft regulations and instructions to facilitate the implementation of the provisions of this law.
X. propose a draft budget for the Fund and discuss the final accounts and Management Report.
To discuss the report of the Financial Inspection Office and make recommendations to the Minister on the matter.
Article 10 of the Council to authorize some of its functions to the Chairman of the Board of Directors or the fund manager.
Chapter IV
Capital Fund
Article 11 The Fund's capital (150 billion) a hundred and fifty billion Iraqi dinars are funded from the public treasury
Article 12 of the Cabinet to increase the fund's capital on the proposal of the Minister of Labour and Social Affairs
Article 13 of the Fund to accept gifts, grants and aid, according to law.
Article 14 accounts of the Fund is subject to oversight and scrutiny of Supreme Audit.
Chapter V
Final Provisions
I. Article 15 shall be exempt categories covered by the provisions of this law and to the extent of the fees which relates to their projects.
Second exempt income of the project covered by the provisions of this law from income tax
Article 16 The Minister of Labour and Social Affairs instructions to facilitate the implementation of the provisions of this law.
Article 17 This Law shall from the date of its publication in the Official Gazette
Reasons
For the purpose of supporting small income-generation through the provision of soft loans in the framework of the completion of the ability to use and employment in the Decent Work Agenda and to reduce the volume of unemployment and expanding a culture of self-employment and self-employment and encourage individual initiative and private.
Explain this law
Text of the report of the Finance Committee on a bill supporting small income-generating
The student legislation
Council of Ministers
Thread:
Bill supporting small income-generating
Reasons
For the purpose of supporting small income-generation through the provision of soft loans as part of the completion of the ability to use and employment in the Decent Work Agenda and to reduce the volume of unemployment and expanding a culture of self-employment and self-employment and encourage individual initiative and private.
Measures
1 - The Cabinet decision No. (79) for the year 2011, a bill supporting small income-generating and be referred to the House of Representatives pursuant to the provisions of Articles (61 / I) and 800 / II) of the Constitution.
2 - Bill was referred above to our Committee's participation with the committees of (legal) and (the economy and investment) in the House of Representatives under the margin of the President of the Council of Representatives in 29/03/2011 at out of the book Council of Ministers Office and Ziraldolh for the House of Representatives number 40 BC / 368 / 1324) on 28/3/2011.
3 - The Finance Committee in preparing its report on the bill in accordance with the provisions of Article (115) of the Rules of Procedure have access to other relevant legislation:
- Law No. (2) for the year 2011 (Code of Federal budget of the Republic of Iraq for the fiscal year 2011).
Notes
1. He said the State Council with a number of his book (2239) on 25/11/2010 to (not to support the Ministry of Finance to set up the fund because it holds Treasury and the financial burdens of government banks provide loans to the Ministry of Labour and Social Affairs to give to the unemployed graduates of the colleges.
2. Article (26 / paragraph b) of Law No. (2) of the 2011 budget law (the Federal Council of Ministers in addition to the federal budget allocations for the year 2011 when you achieve an increase in revenues from exports of crude oil source ...).
- To support small projects for the operation of the unemployed.
- The text above it became clear that there is a funding source for small income-generating ... Any objection to the Ministry of Finance cited in the paragraph above is no longer justified ..
Recommendations
After deliberation and discussion among the members of the Finance Committee approved the bill in terms of the principles and fundamentals and the reasons therefor.
In support of efforts to reduce the volume of unemployment and expanding a culture of self-employment and self-employment and encourage the individual and private initiatives.
Finance Committee recommends that the House of Representatives as follows:
1. The inclusion of a bill supporting small income-generating part of the agenda of the House of Representatives for approval in terms of the principles and foundations of public and reasons Overall, then display's (first reading) to walk in the footsteps of its legislation.
2. The bill included the following text: (when proven not to use the loan amount allocated for the purposes for which the loan is treated according to conditions prevailing in the lending commercial banks).
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