Considering the political and global economic situation, export-oriented industrial companies will get special loan facilities to pay the salaries and allowances of the workers. On Sunday (September 1), the Banking Regulations and Policy Department of Bangladesh Bank issued a circular in this regard.

The central bank said the recent domestic political and global economic environment has disrupted the business environment. Due to this, the production activities of export-oriented industries and timely repatriation of export value are being hindered. In such a situation, the employees of the organization are not able to pay their salaries. In such a situation, loan facilities will be given to export-oriented industries to maintain their production capacity.

According to the instructions, the central bank said that the employees of active export-oriented industries will be given term loan facilities based on the capacity of the customer based on the banker-customer relationship beyond the current capital loan limit for the payment of salaries and allowances for the month of August 2024. The amount of loan facility shall not exceed the average salary and allowances paid by the borrower industrial establishment for the last three months. Those industries which export at least 80 percent of the total production are export oriented industries and those industries which have paid the salaries of their workers for the month of May to July are considered active.

The customer’s total debt, including the negotiable debt, must be within the single customer credit limit; The bank can recover the loan money in installments (monthly/quarterly) in maximum 1 year with a grace period of 3 months in the form of term loan and cannot take any additional interest, profit, fee and charge other than the interest of this loan.