ACD Circular Letter No. 03: Refinance scheme of 5000 crore taka for providing working capital in agriculture sector due to break-out of Novel Corona Virus

50119

Bangladesh Bank
(Central Bank of Bangladesh)
Head Office
Motijheel, Dhaka-1000
Bangladesh.

Agriculture Credit Department

14 Poush, 1427
Date: -----------------------
29 December, 2020

ACD Circular Letter No.-03

Chief Executive Officer/Managing Director
All Scheduled Banks Operating in Bangladesh
Dhaka/Rajshahi.

Regarding the policy for the formation and operation of a 5,000 (Five Thousand) crore taka refinance scheme to provide working capital in the agriculture sector due to the outbreak of Novel Corona Virus.

Dear Sir,

Reference is invited to paragraph 1(g) of ACD Circular No.-01 dated 13/04/2020 and ACD Circular Letter No.-02 dated 20/09/2020 on the subject cited above. To ensure the proper implementation of the special incentive refinance scheme for the agriculture sector formed through the aforementioned circulars, the time limit for loan distribution by banks at the customer level has been extended up to 31 March 2021.

In addition, all other directives mentioned in the aforementioned circulars will remain unchanged.

This directive will take effect immediately.

Please acknowledge receipt.

Yours faithfully,

(Sheikh Humayun Kabir)
Deputy General Manager
Phone: 9530612

Phone: 88-02-9550448, 9554899, IP: 88-02-55665001-6, Fax: 88-02-9530479, www.bb.org.bd