Its representatives said delayed disbursements are pushing factories into a severe liquidity crisis.
Trade body BGMEA recently urged Bangladesh Bank governor Ahsan H Mansur to release export incentive funds so that factories can pay wages and bonuses ahead of the Islamic festival of Eid-ul-Fitr.
Its representatives said delayed disbursements are pushing factories into a severe liquidity crisis.
Around Tk 57 billion in textile and garment sector incentives remain unsettled in this fiscal.
A huge pile of applications for cash incentives remain pending due to complexities in lien bank and central bank audit processes.
Around Tk 57 billion in textile and garment sector incentives remain unsettled in this fiscal (2025-26), BGMEA said in a statement, urging priority disbursement for small and medium enterprises (SMEs).
The association requested special loan facilities equivalent to two months’ wages to help factories meet festival obligations—repayable within 12 months with a three-month grace period, according to domestic media reports.
BGMEA also called for the reintroduction of loan support under Packing Credit (PC) with the interest rate reduced to 7 per cent; increasing the Pre-Shipment Credit Scheme fund from Tk 50 billion to Tk 100 billion; and extending the scheme’s tenure until 2030.
The bank governor was told that the garment industry is under significant strain from falling global demand, declining export prices, rising production costs and geopolitical uncertainty.
Fibre2Fashion News Desk (DS)
