Wednesday, 6 July, 2022
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Govt allocates Tk 574.14 cr for BJMC

Govt allocates Tk 574.14 cr for BJMC

The government has allocated Taka 574.14 crore for Bangladesh Jute Mill Corporation (BJMC) for paying due wages of retired jute mill workers and also to meet other dues of the corporation.

This big chunk of allocation has been provided as 'operation credit' to the BJMC from the supplementary budgetary allocation of the finance division earmarked for 2021-22 fiscal year, said an official release in Dhaka on Wednesday, reports BSS.

Of the financial outlay, Taka 327.07 crore will be provided as due wages of some 1980 retired jute mills employees, Taka 234.91 crore as dues for 2,217 raw jute suppliers and rest Taka 12.16 crore supply and carrying cost for 1,119 people. The BJMC has to refund this amount in five percent interest rate within next 20 years, said a finance ministry instruction on May 20, saying that "BJMC has to sign a credit agreement with the finance division to this end."