Economic Reporter :
The country’s raw jute exporters have been provided with a two-year moratorium facility with repayment of their loans in 10 years, according to a circular issued by the central bank on Wednesday. Updated ledger dues also will be included in the facilities, it said, adding that the lending rate will be imposed at the rate of the cost of fund. The beneficiaries, who enjoyed block accounts earlier, also will get such facilities.
It is said that Bank and financial division of Finance ministry gave an instruction to governor of central bank for resolving the problems of raw jute exporters on 24 April. In response to this instruction, Bangladesh Bank issued a circular to all managing directors of all scheduled bank of Bangladesh to take steps accordingly.
The country’s raw jute exporters have been provided with a two-year moratorium facility with repayment of their loans in 10 years, according to a circular issued by the central bank on Wednesday. Updated ledger dues also will be included in the facilities, it said, adding that the lending rate will be imposed at the rate of the cost of fund. The beneficiaries, who enjoyed block accounts earlier, also will get such facilities.
It is said that Bank and financial division of Finance ministry gave an instruction to governor of central bank for resolving the problems of raw jute exporters on 24 April. In response to this instruction, Bangladesh Bank issued a circular to all managing directors of all scheduled bank of Bangladesh to take steps accordingly.
