Newly established industrial plants will have to acquire clearance from the electricity and gas supply authorities to get a bank loan.
Bangladesh Bank asked all scheduled banks to follow this policy in a notification issued on April 8.
The cabinet committee on economic affairs adopted this policy at its meeting on March 21 this year, with the aim to ensure planned industrialization.
The committee decided that the government will not give electricity and gas connections to new plants if those are set up outside economic zones or specific industrial zones.
It also decided to make clearance from the utility companies mandatory for a new industry to get a bank loan.
The government thinks that planned industrialization is very crucial for economic prosperity. If the new plants are set up in specific zones, it will ensure effective management of land and energy, and improvement of the environment.