Speakers at a function on Monday laid emphasis on the basic need for financing and simplification of policies for the tea sector, which was one of the important areas of the country, reports UNB.
They also discussed the administrative hassles in opening branches of banks in line with the Bangladesh Bank circular issued on January 16, 2014.
The issues came up at the fourth meeting of the Financial Sector Development Working Committee (FSDWC) of Business Initiative Leading Development (BUILD) held at the DCCI Board Room.
M Abul Kashem, Deputy Governor of the Bangladesh Bank, and Humayun Rashid, acting President of DCCI co-chaired the meeting.
BUILD presented two research-based papers -- policy and regulatory simplification for financing tea and encouraging more investment in the sector; and administrative expenses to establish new branches of bank.
BB deputy governor M Abul Kashem agreed on the proposals for extending financing for tea sector which has 99 percent recovery and emphasized on the coordinated role of concerned ministries such as
Finance and Commerce, and Planning Commission, Tea Board and Bangladesh Bank.
He suggested the BUILD to prepare a summary proposal to discuss in a short meeting and then send to Ministry of Finance.
The BB deputy governor further suggested sending a coordinated proposal along with Bankers Association of Bangladesh about renovation and space allocation for new branches of banks.
Tea sector financing, policy simplification mooted
FE Team | Published: December 30, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
Share if you like