Regulatory Alerts2024-06-27
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ACD Circular Letter No. 02: Refinance scheme of 5000 Crore Taka for agriculture sector to ensure food security of the country
The circular extends the deadline for the refinance scheme of 5,000 crore Taka for the agriculture sector until December 31, 2024. It expands eligibility to include farmers producing vegetables, fruits, and spices under the 'Kanda Por' category, as well as those in the poultry/livestock/fisheries sector. Additionally, it increases the cumulative repayment rate (combined with principal) required for refinancing from 7% to 10%. This amendment is issued under Section 45 of the Bank Company Act, 1991.
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