Standard Chartered Bank disbursed USD Denominated Pre-Shipment Loans on 22 November 2021 to support the Ready-Made Garments industry face the challenges imposed by COVID-19. The unique COVID-19 response finance programme was designed through consultation with renowned buyers, enabling enhanced liquidity support for clients in a challenging environment. The bank’s clients can avail one-year liquidity support for payment of wages, utilities and other operational expenses under this programme, with a moratorium period of 3 months. More than 20,000 workers received their multiple months’ salaries and festival bonuses on time through these loans.
