Incentive for big industries reaches BDT 40,000 crore

Another incentive of BDT 7,000 crore has been announced recently by Bangladesh Bank for the big industries. Total incentives for the big industries have reached now BDT 40,000 crore.

A statement was issued by the Banking Regulations and Policy Division of the Central Bank that the Prime Minister would provide a low-interest loan facility to revive the country’s economic activities, keep workers employed and keep entrepreneurs competitive.

Under this, a package of BDT 30,000 crore was announced to provide loan facilities as working capital for the institutions. Later, the financial assistance package of BDT 30,000 crore was increased by BDT 3,000 crore to BDT 33,000 crore to pay salaries and allowances to workers and employees working in export-oriented industries. The package has been increased by another BDT 7,000 crore to BDT 40,000 crore.

Under the package, the Bangladesh Economic Zone Authority (BEZA), Bangladesh Export Processing Zones Authority (BEPZA) and Bangladesh Hi-Tech Park Authority have spent BDT 6,000 crore.

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