Tk 1,000 crore stimulus package for hotel, motel, theme park
Bangladesh Bank today declared a new Tk 1,000 crore stimulus package for hotel, motel and theme park suffered by the ongoing business slowdown amid coronavirus pandemic.
The owners of residential hotels and theme parks will be able to get fund from the scheme at 4 per cent interest rate.
Banks, however, will enjoy 8 per cent interest rate as the government will give 4 per cent subsidy to them.
The repayment tenure of the fund is a maximum of one year and the owners of hotels and theme parks will get loans in the form of working capital, according to a Bangladesh Bank notice.
The loans of the stimulus package will be used to provide salary of employees of hotels and theme parks.