Govt launches $7.5 million Covid-19 response fund for private enterprises Star Business Report Star Business Report
The commerce ministry today launched a $7.5 million Covid-19 response fund to help private enterprises procure plant equipment and produce medical and personal protective equipment in the country.
Commerce Minister Tipu Munshi virtually announced the commencement of the fund called Covid-19 Enterprise Response Fund (CERF) or Window-4 initiated with the support of the World Bank.
Under the CERF, the fund will support private enterprises to procure plant equipment and produce medical and personal protective equipment on a sustainable manner, said Md Hafizur Rahman, project director and additional secretary of the ministry.
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Published: 18 Apr 2021 08:53 PM BdST
Updated: 18 Apr 2021 08:53 PM BdST
The commerce ministry has launched a $7.5 million COVID-19 response fund for private enterprises to aid them in producing medical and personal protective equipment in an effort to fight the coronavirus. );
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Commerce Minister Tipu Munshi virtually announced the fund titled COVID-19 Enterprise Response Fund , initiated with the support of the World Bank, under the ministry s Export Competitiveness for Jobs project on Sunday. Any firm registered and operated in Bangladesh for more than three years can apply for grants ranging from $50,000 to $500,000. The factory has to meet government, social, environmental and other standards and must be financially viable, he said.