Export-oriented jute manufacturing companies from now on are permitted to avail foreign currency loans from Green Transformation Fund (GTF) to import capital machinery and accessories for implementing specified environment-friendly initiatives.Under the GTF, manufacturing sectors are permitted to avail foreign currency loans with only 4 per cent interest which earlier only covered export oriented textiles and textile products and leather manufacturing sectors.The Bangladesh Bank (BB) took the decision yesterday at a meeting following appeal from Jute manufacturing companies. Earlier of this month BB issued a notification mentioning the less interest in transforming into environment-friendly initiatives.To operating the GTF with less interest, BB has made a fund of $20 crore taking financial support from the foreign reserve of BB on January 2016.
