Regular debtors to get loan at 7 percent rate: Finance Minister

Sun Online Desk

25th March, 2019 07:20:21 printer

Regular debtors to get loan at 7 percent rate: Finance Minister

Finance minister AHM Mustafa Kamal on Monday said that regular debtors will get bank loans at 7percent interest rate.

 

He came up with this information while talking to journalists after a meeting with the high officials of public banks at National Economic Council in the capital.

 

“Regular and good debtors will receive credit at 7 percent interest rate. Even those, who are regular and still non-defaulters, will avail this opportunity to repay their debts at this rate.” Kamal said.

 

The finance minister said, “The government is going to launch this initiative in order to encourage the honest businessmen of the country. And it will be implemented from May 1 this year. But loan defaulters will miss the chance of getting loans.”

 

He also said that the government is establishing ‘Assess Management Committee’ to collect default loan.”

 


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