'It isn’t a grant. The loan will have to be repaid within a certain period'
Commerce Minister Tipu Munshi on Wednesday said the garment industry will get loan on 2% interest as the government declared Tk5,000 crore stimulus package for the export-oriented industries.
“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.
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.