Regulatory Alerts2026-06-04
BRPD-1 Circular No. 13: Pre-Finance Scheme to Support the Closed Industry and Service Sectors
The Bangladesh Bank issued Circular No. 13 to establish a 20,000 crore Taka revolving pre-finance scheme specifically for closed industry and service sectors unable to operate at full capacity due to the pandemic. The directive mandates that banks facilitate this financing by adhering to specific eligibility criteria, including the use of Mobile Financial Systems for payments and strict monitoring of fund utilization through escrow accounts. It further outlines detailed procedures for loan processing, interest rate structures, collateral requirements, and enforcement mechanisms to ensure compliance and timely repayment.
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