Tk 100cr BB scheme soon for improving factory conditions

DHAKA : Bangladesh Bank (BB) has decided to launch a Tk 100 crore refinancing scheme soon for the infrastructural development of weak readymade garment (RMG) factories and improving working conditions with financial support from Japan International Cooperation Agency (JICA), reports UNB.
“The decision has been finalised… both the central bank and JICA agreed on it. The refinancing scheme of Tk 100 crore will soon be launched,” BB assistant spokesperson AFM Asaduzzaman told UNB on Friday.
He said the aim of the scheme is to help weak RMG factories improve their infrastructural and working conditions to fulfill the buyers’ demand.
The official also said there will be more similar schemes with combined efforts of the BB, JICA, Bangladesh Garment manufacturers and Exporters Association (BGMEA), Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and financial institutions.