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Reduction of interest rate for setting up small and cottage ind

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May 17, 2000

 

Dhaka, May 16 (UNB) – Parliamentary Standing Committee on Industries Ministry has decided to reduce the interest rate on loans for setting up small and cottage industries to 10 percent.

 

A meeting of the committee at the Sangsad Bhaban today asked the concerned authorities to take necessary steps to implement this decision and also provide this facility to agro-based industries, said a press release.

 

Chaired by committee chairman Dewan Farid Gazi the meeting was attended by Industries minister Tofail Ahmed, Hafiz Ahmed Majumder, M Rafiqul Anwar, M Golam Hossain and AKM Mosharraf Hossain.

 

A three-member sub-committee headed by Mosharraf was formed to submit a report on the organizational structure and manpower of the ministry and activities of its different divisions and departments. Two other members are Hafiz and Golam Hossain.

 


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