PM announces five stimulus for poor

Prime Minister  Sheikh Hasina announced five more stimulus packages worth about 32 bilion taka to help low-income people hit hard by ongoing restrictions amid coronavirus pandemic.

PM’s Press Secretary Ihsanul Karim informed the state-run news agency of the matter on Tuesday.

Under the new incentives, Taka 450 crore has been allocated for day-laborers (14,37,389), transport workers (2,35,033), small traders (50,445) and shipping workers (1,603) who will receive Taka 2500 each in cash.

Taka 150 crore has been allocated for special open market sale (OMS) centers to be set up at 813 places across the country from July 25 to August 7 for 14 days to help the low-income people in urban areas (with 20,000 metric tons rice and 14,000 metric tons flour).

Besides, Taka 100 crore is allocated for special assistance in favor of the Deputy Commissioners for providing food assistance in response to the request of the public on telephone number 333.

Taka 1,500 crore is allocated for Palli Sanchay Bank, Karmasangsthan Bank and PKSF for financing job creation activities in rural areas with  the additional allocation of Taka 3,200 crore for the purpose of providing loan assistance (at 4% interest).

In addition, Taka 1,000 crore has been allocated for providing Working Capital Loan Assistance at 4 percent interest through the banking system for the purpose of paying the salaries, allowances of the employees of the hotels, motels and theme parks in the tourism sector.

Earlier in the last year, the prime minister announced a total of 23 stimulus packages of Taka 124,053 crore to keep rolling the wheels of country’s economy against the back drop of Covid-19 outbreak.

When the first wave of Covid-19 hit the country, the Prime Minister provided cash support of Taka 2,500 each to 36.50 lakh poor families and vulnerable groups across the country.


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