Regulatory Alerts2011-09-11
Added · Updated
ACD Circular Letter No. 02: Re-fixation of interest rate for refinance scheme on solar energy, bio-gas and effluent treatment plant
The document re-fixes the maximum interest rate charged to end-users/beneficiaries for solar home system installations in rural areas through microfinance institutions (MFIs) at 12% per annum using the reducing balance method. It further authorizes banks to classify loans provided under this specific refinance scheme as agriculture/rural loans in their submissions to Bangladesh Bank. These directives are effective immediately.