Unbanked Firms Stand to Miss Out

Source: The Financial Express

Often bypassed by banks, the informal sector is unlikely to get much benefit from the government's Tk 727.50 billion stimulus package, fear economists.

They hailed the Prime Minister for unveiling the package, but suggested the government allocate cash support for the informal economic establishments and entrepreneurs who generate substantial jobs.

Sheikh Hasina on Sunday announced a Tk 727.50 billion relief package for the industrial and service sectors and smaller enterprises to cushion the economic impact of Covid-19 pandemic.

Of the funds, the commercial banks will provide Tk 300 billion for the large industries and service sectors, and Tk 200 billion for the smaller firms as working capital.