The suppliers and producers of paddy, rice, wheat, fertiliser and sugar will not be allowed to get loans if they do not use jute bags in product packaging.
Bangladesh Bank issued a circular yesterday, warning the businessmen that they would not be allowed loan if they fail to comply with the mandatory jute packaging law.
The circular said banks will impose condition prior to giving loans to the businessmen.
In this perspective, if the businessmen do not comply with the condition, they will be disqualified from getting loan and notified in writing about it by the banks, said the circular.
Despite the fact that the demand for jute products in both national and international markets gains momentum, the Mandatory Jute Packaging Act 2010 is yet to be implemented properly even four years after the act came into being.
The central bank issued the circular, following the decision of inter-ministerial meeting, reads the circular.