Plea for credit to non-performing pvt sector jute mills turned down
Monday, 7 September 2009
FE Report
The Advisory Committee on Jute Sunday turned down a proposal for providing fresh bank credits to non-performing private jute mills.
Chaired by Textile and Jute Minister Abdul Latif Siddiqui, the meeting also discussed the progress of the implementation of the decisions taken earlier by the committee, the meeting sources said.
Prime Minister's Economic Adviser Dr Moshiur Rahman, finance and textile and jute secretaries, senior officials of the Bangladesh Bank and state-owned commercial banks and representatives of both private and public jute mills, among others, were present at the meeting at the secretariat.
After discussing the issue of providing fresh working capital to the sick jute mills under the private sector, the meeting also suggested that the ministry of textile and jute should sit with the banks and jute mill owners concerned to resolve it, the meeting sources said.
The meeting was told that the finance ministry would inform the Advisory Committee later about an earlier decision on rescheduling of outstanding loans of both private and public jute mills with a 30-month moratorium facility.
The Advisory Committee on Jute Sunday turned down a proposal for providing fresh bank credits to non-performing private jute mills.
Chaired by Textile and Jute Minister Abdul Latif Siddiqui, the meeting also discussed the progress of the implementation of the decisions taken earlier by the committee, the meeting sources said.
Prime Minister's Economic Adviser Dr Moshiur Rahman, finance and textile and jute secretaries, senior officials of the Bangladesh Bank and state-owned commercial banks and representatives of both private and public jute mills, among others, were present at the meeting at the secretariat.
After discussing the issue of providing fresh working capital to the sick jute mills under the private sector, the meeting also suggested that the ministry of textile and jute should sit with the banks and jute mill owners concerned to resolve it, the meeting sources said.
The meeting was told that the finance ministry would inform the Advisory Committee later about an earlier decision on rescheduling of outstanding loans of both private and public jute mills with a 30-month moratorium facility.