Govt releases Tk 570cr to support small firms
A total of Tk 1,500cr will be disbursed in two fiscal years
The money will be disbursed among cottage, micro and small enterprises to improve the living standards of marginalised people. Photo: Star/file Star Business Report Star Business Report
The government has released Tk 570 crore from the Tk 1,500 crore stimulus package for their disbursement among small traders, entrepreneurs and farmers to help them survive the ongoing pandemic.
Eight government and semi-government agencies will disburse the fund this fiscal year while the rest of the amount will the disbursed in the next fiscal year.
Govt approves two more stimulus packages worth Tk 2,700cr
The government approved two more stimulus packages worth Taka 2,700 crore to infuse dynamism into cottage, micro and medium industry to offset COVID-19 shock, improve rural marginal people’s livelihood and expand social safety nets for extreme poor aged-people and widows.
Prime Minister Sheikh Hasina has approved these two stimulus packages while implementation of the packages will start shortly, said a Finance Ministry press release on Sunday.
The release said with the addition of two latest packages, the total number of stimulus packages now stood at 23 with an overall outlay of Taka 1,24,053 crore which is also 4.44 percent of GDP.
Govt approves 2 more stimulus packages worth Tk 2,700cr
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DHAKA, Jan 17, 2021 (BSS) – The government approved two more stimulus packages worth Taka 2,700 crore to infuse dynamism into cottage, micro and medium industry to offset COVID-19 shock, improve rural marginal people’s livelihood and expand social safety nets for extreme poor, aged-people and widows.
Prime Minister Sheikh Hasina has approved these two stimulus packages while implementation of the packages will start shortly, said a Finance Ministry press release today.
The release said with the addition of two latest packages, the total number of stimulus packages now stood at 23 with an overall outlay of Taka 1,24,053 crore which is 4.44 percent of GDP.