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Related Keywords: Cabinet Committee on Economic Affairs, huge lossess, land allocated, largest project for the textile sector, Ministry of Textile and Jute, Proposal of Bangladesh Textile Mills Corporation, purchase new machineries, revive 13 textile mills under a public-private partnership initiative, shutdown 25 years ago, under the ministry

The proposal of Bangladesh Textile Mills Corporation (BTMC), which works under the ministry, to revive the 13 textile mills under a public-private partnership (PP) initiative which were shutdown 25 years ago due to huge lossess, would be placed before the Cabinet Committee on Economic Affairs on Wednesday, according to an official of the Ministry of Textiles and Jute.

Related Keywords: Bangladesh Bank, Bangladesh jute industry, block account, commercial banks, exporters, Extended Development Fund, jute millers, Ministry of Textile and Jute, refinance

The Ministry of Textiles and Jute at a number of meetings highlighted the urgency for refinancing the jute millers and urged the Bangladesh Bank to introduce the block account facilities to the millers to keep the sector stable.

Bangladesh Bank (BB) to help private jute millers and exporter overcome the acute liquidity crisis which put most of mills in dreadful straits has directed the commercial banks to provide "Block Account" loan facilities.