Regulatory Alerts2022-08-25
Added
ACD Circular No. 05: Refinance Scheme of Taka 1000.00 Crore for Increasing Production of Wheat and Maize
Bangladesh Bank establishes a Taka 1,000.00 Crore refinance scheme for scheduled banks to provide loans for wheat and maize production, valid until June 30, 2025. Participating banks receive refinance at 0.50% interest and must lend to farmers at a maximum rate of 4% simple interest. The scheme mandates direct lending to farmers, with specific provisions for landless, small, marginal, and sharecropping farmers to receive up to Taka 200,000 without collateral, and requires monthly reporting and monitoring of fund utilization.
Topics
Share