Govt Plans Subsidy On Lending Rate For Exporters
Monday, 25 May 2009

The government is considering providing subsidy to the lending rate for exporters to offset the fallout of the ongoing economic meltdown, the central bank chief was quoted as saying on Sunday.

Bangladesh Bank governor Atiur Rahman disclosed the plan at a meeting with a delegation of Bangladesh Knitwear Manufacturers and Exporters Association, said the central bank's executive director Khandker Mazharul Haque and BKMEA president Fazlul Hoque told after the meeting .

The government on Apr. 19 fixed the lending rate ceiling at maximum 13 percent.

The move will mean the government may give a 2-3 percent subsidy on the bank loans given to the exporters on 13 percent lending rate, Mazharul said.

Hoque said they urged the government for the subsidy and the central bank has responded positively.


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