During the initial stages of coronavirus outbreak, despite a massive level of concern, the economy did fairly well. This happened though multiple businesses had to shut down in the face of the crisis and pandemic. Now, with the second wave of the coronavirus raging on in the country, the government is preparing to declare some sort of care package for economic support.
As per a report published in this daily, a time-befitting and smart decision has been taken by the government of declaring a new incentive package to benefit the economy. Experts opine that the stimulus package should be framed in such a way that the economy gets the maximum support when it is needed.
The package involves strategies that are being designed to expand facilities to export-oriented industries and services, rural economy, damaged cottages, small and medium enterprises.
Such a stimulus package is sure to bolster the existing
economy for a greater one that will be fit and able
to survive the crisis for the second wave
The report also elaborates on how the loan facility of the incentive packages implemented through Bangladesh Bank is continuing in the current year and it will go on to 2022. The loan plan will support the business owners in the time of crisis. And with the world locking itself down once again
and border situations becoming complicated the incentive package is sure to help out a lot.
Owing to the developing situation experts believe that the terms and conditions for the business sector, especially the SME sector, should be relaxed in the new incentive package.
Such actions are necessary to put the country’s economy through its paces and the sooner it is done the better.
