The Bangladesh Small and Cottage Industries Corporation (BSCIC) has decided to postpone loan installment collection for the next three months under its Own Credit Programme.
The decision was taken in light of the ongoing the global coronavirus pandemic, said a press release from Ministry of Industries on Sunday, reports UNB.
BSCIC started Own Credit Programme in 2015-16 fiscal year with Tk 150 million. Under the programme, Tk 330 million has been disbursed as loans while its collection rate is 96 per cent.
Meanwhile, BSCIC directed all industrial officials, chiefs of Industrial Help Centre to work in a concerted way in providing assistance to the industries involved in producing food and treatment equipment.
BSCIC has taken the decision to keep the industrial sector dynamic during this time of global pandemic.
It also directed to ensure the health safety of the workers involved in this small and cottage sectors.
