Around 2,200 Bangladesh clothing factories have applied for bank credits worth Tk 31.5 billion from the government’s coronavirus bailout funds to pay workers. The units sought the loans through 46 banks before the Marchc 2 deadline, Bangladesh Bank spokesman Serajul Islam said. Tk 20-billion worth loans have been sanctioned and the rest will be cleared soon.
Mohammad Abdur Razzak, secretary of the Bangladesh Garments Manufacturers and Exporters Association (BGMEA), said around 1,615 of its members applied for credit, while Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) president AKM Salim Osman said around 550 of its members sought loans from the fund, according to Bangla media reports.Around 2,200 Bangladesh clothing factories have applied for bank credits worth Tk 31.5 billion from the government's coronavirus bailout funds to pay workers. The units sought the loans through 46 banks before the Marchc 2 deadline, Bangladesh Bank spokesman Serajul Islam said. Tk 20-billion worth loans have been sanctioned and the rest will be cleared soon.#
Among the readymade garment factories in the export processing zones, 35 have applied for loans.
Exim Bank submitted accounts of loans totalling Tk 5.4 billion sought by 122 factories. Southeast Bank said 150 factories asked for Tk 4.4 billion from it.
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