News Tags

Related Keywords: Bangladesh Jute Mills Corporation, cultivators across country, disbured among twenty six jute mills, Finance Division, golden fiber, peak season, procure raw jute, provided Tk hundred crore loan, shortage of fund, Textile and jute ministry

Bangladesh Jute Mills Corporation has been provided loan of Tk 100 crore by the government for procurement of raw jute from cultivators across the country. The loan will be disbursed among its 26 jute mills.

Finance Division has promised to disburse another Tk100 crore from the government exchequer after Eid-ul-fitr holidays, as the jute ministry had sought fund just two days before Eid holidays began for immediate use like payment of workers’ wages to avert agitation, according to official sources.

Related Keywords: BJMC, financial assistance, financial crisis, growing areas, Hessian bags, Hessian cloth, jute goods export, jute mills, longest natural fibre, procure raw jute, sacking cloth

Bangladesh Jute Mills Corporation (BJMC) is going through an acute financial crisis mainly due to decline in exports of jute goods is seeking for financial assistance from the government of TK5.0 billion to procure raw jute urgently to feed its mills, as the prime time of cash crop has now set in.
 
Major-General Humayun Khaled, Chairman of the BJMC, sent Monday a letter to Mahbub Ahmed, senior secretary of the ministry of finance (MoF), seeking the fund support.