Home / Knowledge / News / Apparel/Garments / Bangla garment units to get soft loans to improve safety
Bangla garment units to get soft loans to improve safety
Aug '14
The apex bank of Bangladesh has extended its refinancing scheme of easy loans to the garment sector for improving safety standards in garment production units.

This loan upto Taka 10 million, which can be borrowed from commercial banks or non-financial institutions, would be extended to garment factories that need finance to improve safety standards.

However the soft loan comes with a rider that the loan seeking factory has to be a member of the Bangladesh Garment Manufacturers & Exporters Association (BGMEA), Bangladesh Knitwear Manufacturers & Exporters Association (BKMEA) or Bangladesh Textile Mills Association (BTMA).

The credit facility would be extended to only import and install safety related machinery and equipment, the apex bank said.

Following the two garment unit tragedies in Bangladesh and the resultant deaths of workers, there is pressure on garment factories to improve worker safety standards in factories.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Textiles | On 24th Oct 2016

German technology to help in energy saving in textiles

German technology can play a major role making the environment...

Courtesy: Trupik

Apparel/Garments | On 24th Oct 2016

Virtual 3D fitting rooms revolutionising online shopping

Virtual fitting rooms meant to bridge the gap between e-commerce...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search