BSCIC distributes Tk 1.31b from stimulus package

Bangladesh Small and Cottage Industries (BSCIC) said Tk 1.31 billion has been distributed under the government stimulus package announced during the coronavirus pandemic.

According to the loan administrative division of BSCIC, under the supervision of SME loan disbursement monitoring committee in different districts in Dhaka, Rajshahi, Khulna and Chattogram regional offices of BSCIC, the money was distributed among 602 cottage, micro, small and medium enterprises, reports UNB citing a press release issued on Tuesday. The recipients include 48 women and 654 male entrepreneurs, it said. Loan disbursement monitoring committee has been formed for ensuring smooth implementation of loan disbursement activities as per the directives of the Prime Minister to recoup losses in the industries sector caused by the covid-19 outbreak. The committee has been asked to take necessary steps so that entrepreneurs can collect their loan without any hassle under the stimulus package.