Bangladesh Bank has unveiled a Tk60,000-crore stimulus package aimed at reviving closed and distressed factories to boost production, exports, employment, and overall economic recovery.
Of the total package, Tk41,000 crore will be allocated for refinancing and reopening shuttered industrial units, while Tk19,000 crore will come directly from Bangladesh Bank’s own funds, Governor Md Mostaqur Rahman said at a briefing in Dhaka’s Motijheel.
The initiative is expected to generate around 2.5 million jobs and support broader economic activities, including agriculture, remittance inflows, green investment, rural development, and GDP growth, according to officials.
Under the scheme, large industries will receive loans at a 7% interest rate, while smaller borrowers may face slightly higher rates.
A senior central bank official said the facility will target businesses that became distressed due to post-Covid disruptions, the Russia-Ukraine war, and foreign exchange volatility. Priority will be given to viable firms with confirmed orders and market demand.
Bangladesh Bank has already identified more than 1,200 closed and partially operational factories based on data collected from banks and trade bodies.
