Weavers getting interest free loans
Sunbd Desk || Published: 2021-06-06 13:28:20 || Updated: 2021-06-06 13:28:20
The government is implementing an interest-free and low-service loan scheme for weavers due to low supply of cotton and rising yarn prices.
This information was given by the Minister of Textiles and Jute Golam Dastagir Gazi in response to a question presented in the budget session of the National Assembly on Sunday (June 6).
Replying to a question by Tanvir Shakil Joy, MP from Sirajganj-1 constituency, the Textile and Jute Minister said, “It is learned that the price of yarn has gone up due to low supply of cotton, the raw material for making yarn.” BTMA has been requested by the Bangladesh Weaving Board to keep the market price of yarn stable, supply yarn at fair prices and record the fixed price of yarn bundle / packet yarn to protect the country’s weaving industry.
He said that to help the weavers, the Bangladesh Weaving Board is implementing a project titled “Provision of working capital and modernization of weaving and micro-credit program for weavers to improve the socio-economic condition of the weavers of the country.” Through the project, loan disbursement activities are going on among the weavers on interest free and low service charges.
- 4 Palestinians killed by Israeli forces in occupied West Bank
- PM reaches Washington DC from New York
- Those tarnishing country’s image are people’s enemy: PM
- PM seeks Bangladeshi expatriates’ investment in country
- Abbas gives Israel ‘one year’ to leave Palestinian territory
- US rules out adding India, Japan to new security alliance
- Global inaction over Rohingya repatriation shocks Bangladesh: PM
- US announces $180m additional assistance for Rohingyas
- Saudi Arabia, UAE, Egypt and Kuwait condemn failed coup attempt in Sudan
- World’s largest eco-tourism project, TRDSC, to takeover its neighbor: CEO
- American Express joins Amazon network to benefit KSA cardholders
- Meghna Life Insurance disclose second Quarter earnings report
- Sonali Life’s category changed
- Dubai’s DP World to invest $414.8m in London Gateway port
- Bangladesh-Australia agreement signed to boost trade and investment
- Gold imports in india increased by 200 percent
- Aluminium prices risen to 13-years high