Govt allocates Tk 100cr to pay up jute-mill workers

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DHAKA, Nov 26, 2019 (BSS)-The government today allocated Taka 100 crore to clears arrear wage and salary-allowance of workers-employees of jute mills under the Bangladesh Jute Mills Corporation (BJMC).

The finance ministry has made the conditional allocation of the amount, which will be deposited to the personal bank accounts of workers through cheques, to clear arrear wage and salary-allowances of jute mills under the BJMC from August to November, 2019, said a handout today.

As the ministry has allocated the amount in ‘operational loan’ head in favour of BJMC as ‘government loan’, it must be repaid in installments every six months at an interest rate of 5 percent over the next 20 years (with 5 years grace period).

A loan agreement will have to be signed with the Finance Division to that end, said the handout.