Regulatory Alerts2015-10-12
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BRPD Circular Letter No. 12: Proper implementation of 'The Mandatory Jute Packaging Act 2010'
Scheduled banks operating in Bangladesh are directed to mandate the use of jute bags for the production and supply of rice, paddy, wheat, corn, fertilizer, and sugar by businesses in these sectors. Banks must refuse to provide, renew, or distribute loans to any such business that fails to use jute bags for product packaging. This directive enforces a decision taken at an inter-ministerial meeting held on September 20, 2015, under the Ministry of Textiles and Jute to ensure proper implementation of the Mandatory Jute Packaging Act 2010.
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