BB Refinance Scheme
BGAPMEA, BTTLMEA members to get loans
Member industries of the Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association and the Bangladesh Terry Towel and Linen Manufacturers and Exporters Association will get loans from Tk 200-crore revolving fund of Bangladesh Bank to ensure their security system avoiding fire accidents. The BB issued a circular to the managing directors and chief executive officers of all scheduled banks and non-bank financial institutions, saying that the member industries of the BGAPMEA and the BTTLMEA would get the loan with an interest rate of nine per cent from the scheduled banks.
A BB official told New Age on Sunday that the central bank earlier made the loans available for member industries of the Bangladesh Garment Manufacturers and Exporters Association, the Bangladesh Knitwear Manufacturers and Exporters Association, and the Bangladesh Textile Mills Association to purchase equipments to save their factories from fire accidents.
The BB has attached the member industries of the BGAPMEA and the BTTLMEA as they are playing a significant role in the garment sector, he said.
Initially, the central bank introduced the refinance scheme in August 2009 to finance the solar energy, bio-gas and effluent treatment plants, the official said.
According to the BB regulation, a borrower will be able to get Tk 1 crore to ensure the security system in the garment factory with an interest rate of 9 per cent.
The tenure of the loan is five years and the client will have to pay the instalments of the loan on the basis of quarterly or monthly.
-With New Age input
