Tanners in Bangladesh have expressed their disappointment at the reduced levels of loans the banks are prepared to offer as capital aid to procure and preserve rawhides during the upcoming Eid-al-Adha festival.

It is understood from local media that tanners had requested TK5 billion (USD$ 46 million) but banks had only committed to approximately half of that, with TK2.56 billion (USD$ 24 million) with reservations as many of the previous loans had already defaulted. The loan amount for this year, determined by the Bangladesh Bank, is down by TK1.84 billion (USD$17 million).

Share this story: