The total amount of debt to the top 20 defaulters is Tk19,283.93 crore while the amount of defaulted loans is Tk16,587.92 crore.
Finance Minister AHM Mustafa Kamal divulged the amount in parliament on Tuesday responding to a tabled question from ruling Awami League MP Shahiduzzaman Sarker.
The finance minister placed the list of the names of the top 20 loan defaulters, the amount of total debt and the amount of defaulted loans to them.
He also informed the House that the total number of defaulters in the country is 786,065.
According to the list, among the top 20 loan defaulters, the debt status of CLC Power Company Limited is Tk1,732.92 crore while their defaulted debt is Tk1,649.44 crore.
The debt status and amount of defaulted loan of 19 others are Western Marine Shipyard Ltd, Tk1,855.39 crore, defaulted debt Tk1,529.74 crore; Remex Footwear Ltd, Tk1,077.63 crore, all those amounts are defaulted loans; Rising Steel Company Ltd, Tk1,142.76 crore, defaulted debt Tk990.28 crore; Mohammad Elias Brothers (Pvt) Ltd, Tk965.60 crore, all those amounts are defaulted loans.
Rupali Composite Leather Wire Ltd's status and amount of defaulted loans are the same. Their defaulted debt is Tk873.29 lakh.
Crescent Leathers Products Ltd's status and amount of defaulted loans is Tk855.22 crore.
The status and amount of defaulted loans of Quantum Power Systems Ltd is Tk811.33 crore.
The debt status of Saad Musa Fabrics Ltd is Tk1,131.83 crore and the amount of their defaulted loans is Tk776.63 crore.
The status of the amount of BR Spinning Mills Ltd and the amount of defaulted loans is Tk721.43 crore.
The debt status of SA Oil Refinery Ltd is Tk1,172.69 crore. The amount of their defaulted loans is Tk703.53 crore.
The debt status of Maisha Property Development Ltd is Tk686.14 crore. The amount of their defaulted loans is Tk663.18 crore.
The debt status of Radium Composite Textile Ltd is Tk770.48 crore. The amount of their defaulted loans is Tk660.42 crore.
The debt status of Samannaz Super Oil Ltd is Tk1,130.68 crore. The amount of their defaulted loans is Tk651.7 crore.
Manha Precast Technology Ltd's debt status and defaulted debt amount is Tk647.16 crore.
Asian Education Ltd's debt status is Tk653 crore. The amount of their defaulted loans is Tk635.94 crore.
The debt status of SM Steel Re-Rolling Mills Ltd is Tk888.71 crore. Their defaulted loan amount is Tk630.26 crore.
The debt status of Apollo Steel Complex Ltd is Tk872.72 crore. The amount of their defaulted loans is Tk623.34 crore.
The debt Status of Ehsan Steel Re-Rolling Ltd is Tk624.27 crore. Their defaulted loan amount is Tk590.23 crore and the debt status of Siddiqui Traders is Tk670.68 crore while the amount of their defaulted loans is Tk541.20 crore.
In response to a question from reserved seat lawmaker from the ruling party Nazma Akhtar, the finance minister told the parliament that there is no plan to waive interest on agricultural loans.
Mentioning the reason for this, the minister said that banks give loans to farmers with money collected from depositors. As depositors have to be paid interest, it is not possible for the bank to waive the interest on the loan given to the farmers.
Responding to a question from lawmaker Habibur Rahman, Kamal said that no loan has been received so far from the International Monetary Fund (IMF) in the current financial year (2022-23) while negotiations with the IMF regarding a loan are ongoing.
“A loan of $300 million has been received from the World Bank in the current financial year. This loan is repayable in 30 years with a grace period of five years,” he said.
Replying to a question from the ruling party lawmaker elected from Chittagong Md Abdul Latif's question, the minister said that the Japanese government has released $921.61 million for the overall development of Bangladesh till December of the current financial year.
To a question from Jatiya Party lawmaker Syed Abu Hussain referring to the fact that the tax revenue was less than the target in the last financial year, Kamal said that the desired revenue collection has failed due to the post-Covid economic recession, Russia-Ukraine war, global monetary policy and austerity policy.
In response to another question of Latif, he highlighted the various initiatives of the government to reduce the dollar crisis in the parliament.
He informed that domestic banking units (local banks) have been given the right to raise foreign currency funds from their offshore banking operations, which will remain in force till June 30, 2023.
In order to ensure a sufficient supply of edible oil, chickpeas, pulses, peas, onions, spices, sugar and dates at a bearable level during the month of Ramadan, all these products have been given a 90-day delay payment system to import these products, said the finance minister. It will remain in force till March 31, 2023.
He said that with the aim of facilitating trade with China, the opportunity to trade with the country's currency has been provided.
