The Financial Express

‘RMG sector to get loan on 2.0pc interest’

Government has no directives about the closure of garment factory, commerce minister says

Published: April 01, 2020 18:45:45 | Updated: April 01, 2020 20:46:53

-File photo -File photo

Commerce Minister Tipu Munshi has said the readymade garment (RMG) industry will get loan on two per cent interest.

 “It isn’t a grant. The loan will have to be repaid within a certain period,” the minister said this while attending an inter-ministry meeting regarding prevention of coronavirus on Wednesday, reports UNB.

Earlier, the government declared Tk 50.00 billion stimulus package for the export-oriented industries.

He said, “The government has no directives about the closure of garment factory. If the factory owners want, they can run their factories following proper health guideline.”

Chief of Army Staff General Aziz Ahmed, Bangladesh Bank Governor Fazle Kabir, Cabinet Secretary Khandker Anwarul Islam, Principal Secretary to the Prime Minister Ahmad Kaikaus, Finance Division Secretary Abdur Rauf Talukder, Commerce Secretary Md Zafar Uddin, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Rubana Huq, among others, were present.

General Aziz Ahmed said members of army have been working as per the direction of Prime Minister Sheikh Hasina who described the fight against coronavirus a war.

 “Our soldiers are always ready to face battle and we are with the people of the country,” he said. 

Replaying a query, Aziz said additional army personnel will be deployed according to the situation. Now it is not needed to create panic among the people by deploying additional personnel, he added.  

Cabinet Secretary Khandker Anwarul Islam said the law enforcers were directed to ensure social distancing during the holidays to avoid further transmission of COVID-19.

"The holiday is not for travelling rather to curb the virus. This is possible only when the people will come forward together," he added. 

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