MANDATORY JUTE BAG PACKAGING

Banks asked to impose condition on loans against 11 more items

Staff Correspondent | Published: 22:36, May 15,2017

 
 

Bangladesh Bank on Monday asked banks to impose condition for using mandatorily jute bags in packaging 11 more commodities when they (banks) will approve loans to manufacturers and supplier companies of the products.
The 11 commodities are onion, ginger, garlic, pulses, potato, flour, chilli,
turmeric, coriander seeds and husks of rice and wheat.
The BB issued a circular to managing directors and chief executive officers of all banks asking them to follow the directive in line with an inter-ministerial meeting decision taken on April 9, 2017.
On October 12, 2015, the central bank had asked banks to impose condition for using jute bags mandatorily in packaging six commodities during loan approval to the manufacturers and supplier companies of the products.
The six products are paddy, rice, wheat, corn, fertiliser and sugar.
The government and the central bank have taken the decision in
accordance with The Mandatory Jute Packaging Act 2010.

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