Incentives of another Tk 2,000 crore for the affected traders
To reduce the debt burden of traders affected by the coronavirus situation in the last two months, the government has decided to subsidize Tk 2,000 crore out of the interest of Tk 16,549 crore.
This information was given by the Prime Minister Sheikh Hasina while releasing the results of SSC and equivalent examinations of 2020 through video conferencing from Ganobhaban on Sunday (May 31).
He said the amount of interest suspended in the last two months is about Tk 16,549 crore. From this, the government will subsidize the commercial banks to the tune of Tk 2,000 crore. As a result, borrowers no longer have to pay a fixed amount of interest at a proportional rate. The remaining interest will be paid by the traders to the commercial banks in 12-month installments. The government will take that initiative.
The Prime Minister further said that an estimated 1 crore 36 lakh borrowers will directly benefit from the subsidy of Tk 2,000 crore to reduce the debt burden. Due to Corona, all their business was closed. I am giving this opportunity so that they can run all the business or activities.
This is the 19th incentive package of the government to keep the economic activities of the country active due to the global epidemic coronavirus. Through this, the total size of the incentive fund now stands at 1 lakh 3 thousand 116 crore taka or about 12.13 billion dollars. Which is 3.6 percent of the country's GDP