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Deal signed to loan to corona-hit expats


Published : 13 Jul 2020 09:24 PM | Updated : 07 Sep 2020 09:21 PM

Probashi Kallyan Bank (PKB) and Wage Earners’ Welfare Board (WEWB) on Sunday inked a Memorandum of Understanding (MoU) to provide loan support to the COVID-19 hit migrant workers.

Expatriates’ Welfare and Overseas Employment Minister Imran Ahmed attended the MoU signing function as the chief guest while Expatriates’ Welfare and Overseas Employment Secretary Dr Ahmed Munirus Saleheen attended as the special guest, said a press release.

While addressing Expatriates’ Welfare and Overseas Employment Minister Imran Ahmed said the government has arranged this loan support for the loosing expatriate workers for rehabilitating the sustainably.

He said later his ministry will undertake extensive rehabilitation program by using the Tk 500 crore, allocated by Prime MInister.

Minister suggested that the loosing expatriate workers will form a group and take group loan so that they can be more benefitted.

Under the agreement, WEWB will give Taka 200 crore loan to PKB without interest and the bank will disburse the loan at a 4 percent interest. Legal migrant workers or workers who send remittance legally or family of the migrant worker who died due to COVID-19 are eligible to get the loan.