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Penalty for taking loan from BSIC with false information

Reporter Name 638 Time View
Update : Monday, September 4, 2023

Photo-collected.
Dhaka/

A bill has been passed by the National Assembly to punish those who take loans from Bangladesh Small and Cottage Industries Corporation (BCIC) with false information and sell or rent plots after allotment.

On Monday, Industries Minister Nurul Majid Mahmud Humayun brought the ‘Bangladesh Small and Cottage Industries Corporation Bill’ to Parliament for passage. After verifying public opinion on the bill, sending it to the select committee and settling the amendment proposals, the bill is passed by voice vote. This law is being made by repealing the Bangladesh Small and Cottage Industries Corporation Act of 1957.

According to the bill, if a person deliberately gives false information or knowingly uses false information or induces the corporation to accept any false report for the purpose of obtaining loan or any other benefit from the corporation, the punishment shall be imprisonment for a maximum of 2 years or a fine of 50,000 rupees. or both bars.

It is a punishable offense if any person, having been allotted a plot in an industrial park or industrial city by the Corporation, illegally transfers or rents out the plot or any part thereof or uses it for any purpose other than industrial purposes. The punishment is imprisonment for a maximum of 1 year or a fine of up to 50 thousand taka or both.

According to the bill, the corporation can take necessary measures to create and protect women entrepreneurs in the industrial sector. The Bill defines micro-scale industries, cottage industries, small scale industries, medium industries, industrial parks or industrial cities and handicrafts and handicrafts.

Family Court Bill passed
The Family Court Bill 2023 was passed in the National Parliament yesterday. This new law is being made in Bengal by repealing the Family Courts Ordinance, 1985. Law Minister Anisul Haque took up the bill in Parliament for passage. After verifying the public opinion on the bill, sending it to the selection committee and settling the amendment proposals, the bill was passed by voice vote. In the bill, the court fee for family court cases has been increased from Tk 50 to Tk 200.


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