Govt to Provide More Tk 3000Cr Loan to RMG Owners

Export-oriented Readymade Garments (RMG) factory owners are going to get Taka three thousand crore loans again from the special fund created to cope with the effect of the corona crisis in the country.

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

On Thursday, the Bangladesh Bank issued letters to all commercial banks in this regard.

However, only those entrepreneurs who got the loan in June will be liable for this new loan. No new investor or developer is going to get this loan.

The letter from the Bangladesh Bank claimed that, for the last time, owners of export-oriented firms, including RMG factory owners, would obtain loans from this fund to pay their workers salaries. This latest loan would be paying out at 4.5 per cent interest. In this scenario, the government must exemption a 4.5% exemption.

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