Even as the demands of early disbursement of garment workers’ salary for the month of March is getting stronger so as to help the workers tide over hardships in the face of rapid spread of COVID-19 and the countrywide shutdown clamped by the Bangladesh Government, the country’s central bank has asked businesses to open mobile financial service (MFS) accounts of the workers.
“The central bank has asked the authorities concerned to open the MFS accounts to provide salaries and allowances for the workers and employees from the stimulus package, announced by the Government,” underlined a circular issued by the Bangladesh Bank instructing all export-oriented industries and factories to do the needful by 20 April to ensure smooth disbursal of salaries and allowances for the workers from the stimulus package.
It may be mentioned here that the Government has recently floated a Taka 50 billion Coronavirus bailout fund to help export-oriented industries pay the workers’ wages.
As part of it, Bangladesh Bank is entrusted with releasing this amount to the commercial banks which in turn will disburse loans to the garment makers after receiving estimates from the concerned manufacturers as to the amount they would need to pay salary to the workers.
To open the MFS account, workers and employees would have to submit their national identity cards or birth certificates, the central bank circular further added.
Bharat Tex Special Report 2026 
