Loan defaulters’ number rises to 3.34 lakh: minister

Staff Correspondent | Published: 23:56, Jan 25,2021

 
 

The number of loan defaulters in banks and non-bank financial institutions is 3,34,982, said finance minister AHM Mustafa Kamal on Monday.

He disclosed the number while answering to a question from treasury bench member Ahsim Kumar Ukil in the parliament.

The answer, based on data until October 2020, was placed on the table with no further detail.

On March 1, 2019, Mustafa Kamal told the parliament that the number of loan defaulters in the country was 2,66,118 as of December 2018.

The latest number  revealed by the finance minister on Monday shows that the number loan defaulters in the country increased by over 68,000 in 22 months.

Mustafa Kamal also told the parliament that steps had been taken by the government for the speedy disposal of the cases related to defaulted loans and recovery of defaulted loans.

Answering to another question, he said that 32.87 per cent of the revenue generation target of Tk 3.3 lakh crore had been achieved until December 2020.

He said that the government has disbursed Tk 1,455 crore so far for purchasing COVID-19 vaccines.

He said that allegations of money laundering through under and over invoicing were raised.

The agency concerned is investigating the matter, he said, adding that legal actions were underway against the cases with valid allegations.

He hoped that measures taken in this regard would reduce the malpractice.

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