Central Bank Announces Package To Restart Closed Factories

The central bank of Bangladesh, Bangladesh Bank, has officially announced a comprehensive stimulus package valued at 60,000 crore taka aimed at restarting closed industrial factories across the country. The strategic initiative has been designed by the financial regulatory authority to boost national production capacities, enhance export assistance, support private sector development, generate new employment opportunities, and accelerate the broader recovery of the domestic economy.

Out of the total stimulus allocation, an amount of 41,000 crore taka will be explicitly directed towards the refinancing and operational reactivation of inactive industrial manufacturing units. The Governor of Bangladesh Bank, Dr Mostafizur Rahman, confirmed that the central bank will directly contribute the remaining 19,000 crore taka from its internal institutional funds to complete the financial package.

Credit Distribution and Interest Rate Framework

Governor Dr Mostafizur Rahman disclosed the operational details of the financial recovery package during an official press briefing conducted today, Saturday, 23 May 2026, at the central bank’s headquarters situated in Motijheel, Dhaka. Addressing media representatives, the Governor outlined the credit distribution framework and established specific borrowing parameters for different tiers of industrial operations.

According to the official guidelines, the borrowing interest rate for large-scale manufacturing industries at the consumer level has been fixed capped at 7 per cent. Conversely, Dr Mostafizur Rahman noted that the borrowing interest rates applicable to micro-credit receivers and small-scale entrepreneurs may be structured slightly higher to accommodate administrative costs. The central bank has structured the massive financial reserve to distribute credit across three vital sectors of the national economy:

  • Large-scale industrial enterprises

  • Cottage, Micro, Small, and Medium Enterprises (CMSMEs)

  • The agricultural sector

Strategic Implementation and Employment Objectives

The primary objective of this state-backed financial intervention is to facilitate the creation of approximately 25 lakh new jobs through the revitalisation of supply chains and industrial operations. According to official assessments presented during the press briefing, the dual financial framework will not only facilitate the reopening of closed factories but will also actively stimulate the establishment of entirely new domestic manufacturing capabilities.

Bangladesh Bank stated that the long-term benefits of this economic scheme will extend across multiple sectors. The central bank anticipates that the intervention will systematically increase agricultural yields nationwide, enhance the flow of foreign remittance by facilitating the migration of skilled workers abroad, expand green investments and eco-friendly projects, accelerate rural commercial activities, and foster the growth of the creative economy while sustainably raising the gross domestic product (GDP) growth rate.

Institutional Data Gathering and Industry Mapping

To ensure the accurate distribution of the stimulus capital, Bangladesh Bank has already completed an extensive information-gathering exercise in direct coordination with various commercial banks and trade organisations. Financial investigators compiled comprehensive data regarding fully closed and partially operational factories across the industrial spectrum.

Sector EligibilitySelected Interest RateProjected Employment TargetIdentified Industrial Units
Large-Scale Industries7 per cent25 lakh jobsOver 1,200 units
Cottage, Micro, Small & Medium (CMSME)Slightly higher rate25 lakh jobsOver 1,200 units
Agricultural SectorSubject to micro-rate25 lakh jobsOver 1,200 units

Senior central bank officials revealed that more than 1,200 distinct industrial units have been formally identified for financial assistance under this programme. This verified list includes major corporate borrowers alongside a significant number of small-scale firms, all of which are now eligible to apply for refinancing options under the newly announced central bank regulations.

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