Tk 5,000 cr incentives for export industries
Published: 25 Mar 2020 Updated: 26 Mar 2020
Prime Minister Sheikh Hasina said industrial production and commercial export might be affected.
So the government has taken some crisis-time measures to face the blow, she said.
"I have announced an incentive package of Taka 5,000 crore for export-oriented industrial institutions. The fund can only be used for paying salaries and allowances of the workers and staffers."
Besides, the Bangladesh Bank has already taken some business-friendly initiatives, she said while addressing nation on Wednesday evening.
"The central bank has asked those concerned not to declare any client loan defaulter by June this year. Deadline of collecting income from export has been extended to six months from two months. Similarly, timeframe of meeting up import expenditure has also been extended to six months from four months. Limit of monetary transaction through mobile banking has been increased."
Time limit of paying electricity, water and gas bills has been extended till June without surcharges or fines, the PM said, adding paying installment of NGO loans has been suspended temporarily.