BGMEA seeks Tk 54cr soft loan for 39 struggling garment factories

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Published: October 10, 2024, 12:24 AM

BGMEA seeks Tk 54cr soft loan for 39 struggling garment factories

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Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested a Tk 54 crore soft loan from Bangladesh Bank to support 39 garment factories that are facing financial difficulties.

These factories, which were previously operating smoothly, are now struggling to maintain full production due to disruptions caused by recent labor unrest.

BGMEA outlined these concerns in a letter to the Finance Adviser on October 6, urging the central bank to inspect the situation and facilitate the necessary loan.

BGMEA has appealed to the interim government to help secure Tk 54 crore to ensure the timely payment of wages to around 56,000 workers employed at these 39 factories. The organization emphasized the urgent need for financial assistance to prevent further disruption in the industry and protect the livelihoods of thousands of workers.

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