Bangladesh Bank has extended the deadline for exporters to file applications seeking loans from the Tk 50 billion stimulus package for worker wages until May 2.
According to bdnews24.com, the central bank issued a notice announcing the new decision on Tuesday.
The decision to extend the time period came in response to requests from trade associations.
The fund can also be used to pay the wages of workers in export processing zones and economic zones.
BGMEA President Rubana Huq welcomed the decision to extend the application deadline.
"We are going through a very bad period and are thinking about the life and livelihood of the workers. We are also thinking about holding on to the buyers. That is why we asked for an extension of the deadline. We are happy that Bangladesh Bank has responded positively.”
Prime Minister Sheikh Hasina on March 25 announced the Tk 50 billion package for workers to help factory owners cope with the impact of the coronavirus.
The fund can be borrowed at 2 per cent interest rate only for paying wages and allowances to the workers and other employees.
