Staff Reporter

The government yesterday decided to reduce five per cent bank interest rate against the loans taken by 16 state owned jute mills.
It also directed public and private banks to disburse loans so that the mills could maintain their smooth production.
The decision came at a meeting at the conference room of the Ministry of Textile and Jute.
Textile and Jute minister Abdul Latif Siddique presided over the meeting.
The state owned jute mills received loans about Tk 638 crore with an interest rate between 11 per cent and 13 per cent. [Read more]