DCCI urged Bangladesh Bank to extend time limit for loan classification.
Yesterday, Dhaka Chamber of Commerce and Industry (DCCI) sent a letter to the central bank governor requesting to give some more time to entrepreneurs for repaying their loans due to the ongoing political unrest.
The commerce chamber requested Bangladesh Bank (BB) to instruct scheduled banks not to put force in collecting the
repayments of classified loans from businessmen if they fail to repay on time in this regard.
The proposal suggested changing the loan classification periods from three to six months and from six to nine months.
Businessmen especially, manufacturers, trader, small businessmen, transport owners and workers are the victims who will be further affected financially if the loan repaying time is not extended, said the statement.
It said, along with the recent phenomenon of continuous closure of businesses, most entrepreneurs counted heavy losses instead of making a profit.
