Govt to provide more Tk 3 thousand crore loan to RMG owners

Sun Online Desk

24th July, 2020 08:39:32 printer

Govt to provide more Tk 3 thousand crore loan to RMG owners

The export oriented Readymade Garments (RMG) factory owners are going to get Taka three thousand crore loan again from the special fund formed to cope up the impact of corona crisis in the country.

The government is providing this loan to the RMG owners to pay salaries and bonuses to their workers and employees for the month of July, 2020.

The Bangladesh Bank on Thursday issued letters to all commercial banks in this regard.

However, only those entrepreneurs who got the loan in June will be entitled for this new loan. No new owner or entrepreneur will get this loan.

The Bangladesh Bank’s letter said for the last time owners of the export oriented enterprises including RMG factory owners will get loan from this fund to pay their staff salaries. This new loan will be disbursed at 4.5 percent interest. In this case, the government will give 4.5 percent subsidy.

Earlier, Taka five thousand crore loan were given at 2 percent service charge to 80 percent export oriented enterprises to pay their staff salaries. Taking loan from the special fund many exporting business owners paid salaries for the month of April, May and June to their workers and employees.