On the other hand, workers of export-oriented industries, export-oriented business organisations and industries, health workers deployed in Covid response, poor people and homeless poor people have been benefited by the successes of other packages. Five of these packages have seen over 100 per cent progress which means more has been spent than total allocation. The implementation rate of the remaining 13 packages is in the middle stage. In 14 months, Tk 962.39 billion (96,239 crore) or 75 per cent of the total amount has been implemented.
The entrepreneurs and workers of the sectors that spent their respective allocation successfully must have benefitted. The stimulus packages have surely contributed to keeping the country’s economy buoyant. But the entrepreneurs and workers of the sectors that spent only 6 per cent or less of their allocation must have suffered.
The allocation for SME sector was Tk 20 billion but only Tk 290 million or less than 2 per cent has been spent so far. As a result, entrepreneurs and thousands of labours of the labor intensive small and medium industries have become deprived. Banks are not so interested to give small loans as much as they are interested in big loans. The government instead can consider disbursing loans from special funds through Bkash, Nagad or mobile banking.
The Covid situation has created new poor which is corroborated by the fact that Tk 7.7 billion allocated by the government for distribution of rice at Tk 10 per kg has been spent within June. So this sector needs more allocation. But the question has been raised over spending of Tk 22.36 billion in the project for building houses for the homeless people although the initial allocation was Tk 21.3 billion. Some hastily-built houses have collapsed in different locations. Spending the allocation is not enough, accountability must be ensured in the implementation of those projects.